Grand Canyon Synod of the ELCA

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Support Your Synod and Save on Taxes: A Special IRA Opportunity

Smart Giving from Your IRA: Make a difference today and save on taxes. It is possible when you support your ELCA congregation and/or the Grand Canyon Synod through your IRA.

A SPECIAL OPPORTUNITY FOR THOSE 70½ YEARS OLD AND OLDER

You can give any amount (up to a maximum of $105,000) this year from your IRA directly to a qualified charity such as your ELCA congregation and/or the Grand Canyon Synod and/or the ministries you specify without having to pay income taxes on the money. Gifts of any value $105,000 or less are eligible for this benefit and you can feel good knowing that you are making a difference in the Grand Canyon Synod. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.

WHY CONSIDER THIS GIFT?

  • Your gift will be used today, allowing you to see the difference your donation is making.

  • If you are required to take minimum distributions, you can use your gift to satisfy all or part of your obligation.

  • You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.

  • Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.

  • You can specify that this gift goes directly to a chosen ministry, including our Endowment Fund.

To explore this opportunity to give smart, you are invited to connect with our Regional Gift Planner, Lisa Higginbotham who serves all ELCA members & congregations in our Grand Canyon Synod. In a conversation with Lisa, you will quickly see how easy and effective this type of gift can be! Reach out to Lisa any time for support.

Lisa Higginbotham
Phone: 805-910-5048
Email: Lisa.higginbotham@elca.org

 Lisa is available and excited to answer questions and to help you achieve your goals to support your congregation, Grand Canyon Synod, and other deeply impactful ministries of the ELCA.