Are you an IRA owner and over 70½?
IRA owners who are 70-1/2 or older can make gifts to qualified charities from their IRAs of any amount, up to a maximum of $100,000 per year. Each year RHUMC members and friends choose to support the church’s mission in exactly this way.
Here are some helpful things to know:
• Qualified Charitable Distributions count toward the IRA owner’s required minimum distribution for the year.
• Any such gift is not included in taxable income. Since the IRA owner avoids paying tax on the distribution, there is no corresponding charitable deduction.
• IRA owners should review the rules with their tax advisors prior to year-end to determine if they can benefit and to make the best use of this powerful method to support charitable causes, either for 2016 or into the future.
Memorial Gifts: For all the Saints
Memorial gifts are meaningful and powerful ways to celebrate the lives of our loved ones and to honor their memories.
Thank you for your memorial gift, on behalf of Malibu UMC and the family and friends of our loved ones.
Please let us know the name of the person you are memorializing in the memo line, and anything else you would like us to know
Have you ever considered including Malibu UMC in your will or estate plan? This is planned giving, or legacy gifts.
1 Timothy 6:18-19, “18 They are to do good, to be rich in good works, generous, and ready to share, 19 thus storing up for themselves the treasure of a good foundation for the future, so that they may take hold of the life that really is life.”
Planning for a legacy can be a powerful part of faithful living.
If you have made the choice to be a legacy giver, we would love to hear your story and celebrate your gift