Giving a Qualified Charitable Distribution
Can I give from my IRA to support the work of Jesus at the Abbey?
Yes, ask your IRA custodian to make a Qualified Charitable Distribution directly from
your IRA to the Abbey of the Most Holy Mother. As a church the Abbey can receive gift from
you directly from your IRA and the amount transferred will not be counted as taxable income
to you.
The popular law allowing seniors over 70-1/2 to make donations directly from IRA's to
charities has been extended. This applies to donations up to $100,000. If you are like many
individuals, your IRA has increased in value over the years and you may have more income
than you need. Rather than taking your required distribution as taxable income, ask your IRA
custodian to transfer this required payout to your church. Although your transfer will not
qualify as a charitable income tax deduction, your distribution rollover will not be taxable
income. Your church receives a nice gift and you avoid any additional tax..
Possibly you have made gifts up to your Federal limit of 50% of your adjusted gross
income for this year. With an IRA rollover gift you can transfer excess funds from your IRA
and still make your regular year-end gifts up to the Federal level. It's easy to make your IRA
rollover by directing your IRA custodian to transfer a portion of your required distribution
directly to Abbey of the Most Holy Mother. To begin your transfer just click here to download
a form you complete and forward to your IRA custodian.
Contact the Abbey to learn how you can give to fulfill the calling in your heart to
serve in the flock of Jesus, while allowing the Holy Spirit to ensure your financial
comfort for years to come.
Example:
Share the wonder of the Holy Spirit by giving freely to spread the word!
And there came a poor widow, and she cast in two mites, which make a farthing. And he called unto him his disciples, and said unto them, Verily I say unto you, This poor widow cast in more than all they that are casting into the treasury: for they all did cast in of their superfluity; but she of her want did cast in all that she had, even all her living. Mark 12:42-43
Abbey of the Most Holy Mother
870-206-0160
870-206-0160
© 2012 - 17 Abbey of the Most Holy Mother
The eye of the needle gate on the walls of the city of Nazareth. Imagine getting a camel to get through that. First it must shed all of the riches that it is carrying and then kneel or bow very low to get through the little door. We must also shed our earthly riches to humble ourselves at the gates of heaven.
[Photo Credit: BiblePictureGallery.com]
[Photo Credit: BiblePictureGallery.com]
