Charitable Contributions from IRA Rules Made Permanent!
The Charitable Rollover provision in tax law for Individual Retirement Accounts was made permanent in
December 2015. This is good news for donors age 70.5 or older and the charities they support. Making the
law permanent will allow donors to make their financial plan for 2016 and future years and start giving to
charity at any time. In recent years, donors have had to wait until year end to see if congress extends this tax
provision making it difficult to plan. Please consider making a transfer from your IRA to Trinity Lutheran
Church.
Benefits:
Contributions from your IRA direct to charity can count towards satisfying your required minimum distribution
(RMD) for the year
Contributions up to $100,000 are not included in taxable income
Contributions are not subject to the 50% deduction limits on charitable gifts
Help further the mission of Trinity Lutheran Church
Requirements:
Donor must be age 70.5 or older
The donation must be transferred directly from your IRA to Trinity Lutheran Church
Your gift cannot exceed $100,000
Since your gift will not be included in taxable income, no charitable deduction is allowed
For more information, contact your tax advisor, financial advisor and/or the financial institution that
administers your IRA. You can arrange the direct transfer to Trinity via your financial institution. Banking
information for wire transfer to Trinity can be obtained from our Financial Secretary.
Trinity Finance Committee
Thank Yous
Thank you for always setting up for us and
graciously sharing your space! Peace, TIR Board
Budgeted Finances March 2016
and YTD as of March 31, 2016
March
Thank you for your recent gift given to your
synod, received by ELCA World Hunger
November 2015 through January 2016. Grace
and peace, Daniel Rift, Director of ELCA World
Hunger and Disaster Appeal
Receipts
Your support for the Food Bank for Larimer
County changed someone’s life today! We wish
to thank you for this generous gift of $2,035.00
which will have a tre