From the Endowment Committee

Creative Ways to Support the Endowment Fund

Over the next several issues of the newsletter, the Endowment Committee will be submitting brief articles on ways that you can support the Endowment fund without actually writing a check.  Some of these strategies may entail tax and legal consideration. Zion Lutheran Church does not dispense tax or legal advice, and suggests seeking qualified tax or legal advice prior to implementing any strategies described in this or the following newsletters.

THE CHARITABLE IRA

Congress has recently approved the Charitable IRA for people over 70 ½ years old, subject to the RMD, Required Minimum Distribution requirements in their IRA.  If you are subject to RMD, you can ask your IRA Custodian to direct a Distribution to a charitable entity, such as Zion, up to a maximum of $100,000.  If the distribution is sent directly from your custodian to Zion, the distribution will be nontaxable to you and can meet your RMD Requirement. While the distribution will be non-taxable to you, you are not allowed to take it as a charitable contribution for tax deduction purposes. If you would like to potentially take a “Charitable IRA” Distribution, please contact the church office or a member of the Endowment Committee.

LAST ENDOWMENT SUNDAY — NOVEMBER 6, 2016

The Endowment Committee will be having our last Endowment Sunday for 2016 on Sunday November 6^th.  Please consider giving to the Zion Lutheran Church Endowment Fund to commemorate and celebrate a significant milestone in your family’s church life such as a baptism, confirmation or wedding.  Envelopes marked “Endowment Fund” will be placed in all the pews.   The Endowment Fund only grows with contributions from members and friends of Zion. Those who share the vision of not only a living memorial for loved ones, but also recognize that upon maturity, the fund will provide significant monetary grants for many new mission oriented programs – forever…

Please contact any member of the Endowment Committee (Geof Close, Ted Jermansen and Rick Schroeder) if you have any questions!