Leave a Legacy for Ministry and Mission

As of January 1, 2010, the Minimum Required Distribution (MRD) from IRAs, 401(k)s, 403(k)s, and other applicable retirement plans has been reinstated.  The MRD was suspended for a year (2009) as part of the Federal Government’s economic recovery plan.  For those who are 70 ½ and older, who must take the MRD but do not need the distribution, consider making a charitable gift either outright or deferred.  By making a charitable gift, you may offset some of the income tax liability with a charitable deduction.  By making a deferred gift using a Charitable Gift Annuity, you will receive a tax deduction, some tax-free income for a number of years, and annuity income.  For more information about how to make charitable gifts using retirement plans or other ways to make charitable gifts, call Pr. Greg Kramer at the Lutheran Planned Giving Office at 570-374-2044 or call the ELCA Foundation, 800-638-3522, ext. 2970 or visit our website at http://www.elca.org/fo.