Members of your
congregation may have the power to make a substantial gift in 2013 to your
church. This gift could be for general operations or could add to or begin
your Endowment Fund.
All that is needed is for
someone to share the good news with them!
Congress in the
opening days of 2013 made it possible for a person who is over age 70 ½ to
rollover up to $100,000 from an IRA to your church without increasing their
taxable income or paying any additional tax.
These tax-free gifts could
be $1,000, $10,000 or any amount up to $100,000, and can satisfy the required
minimum distribution (RMD). This kind of gift is called a qualified charitable
distribution (QCD) and is possible now through December 31, 2013.
The IRA rollover gift is a
simple and easy way for your members to give to your church or favorite United
Methodist ministry while not increasing their taxable income.
To participate in the IRA
charitable rollover, your church member can contact his/her IRA custodian and
request an amount be transferred to your church or to the Rocky Mountain United
Methodist Foundation for the benefit of your church.
If you have any questions
about this great opportunity, please contact the United Methodist Foundation,
303-778-6370. The Foundation has emailed and will soon email to each church a
packet of materials that are designed to help communicate this information to
church members.
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