We appreciate the Can Do Spirit of Diamond Donors
Please join us Wednesday October 28, 2009
7:30 a.m. - 9 a.m. for a recognition breakfast & program
at Channel One 131 35 ST SE
Invitation and RSVP
__________
Community Connection Tours
Have you been interested in learning more about the programs that provide the United Way funded services in our community?
Join us on a Community Connection Tour to take you, the donor, on a personal visit to the United Way funded community partners in Olmsted County. Transportation is furnished. Please allow 3 hours for the on location tour of 3 to 4 partner programs. You will meet the staff and view community programs in action.
Participants of past tours have enjoyed the learning experience and the opportunity to see first hand how our community’s residents benefit from the support of the United Way Community Fund.
Please contact Bonnie Schultz, 529-4830, or email her.
Newsletters
Loyal Contributors – Diamond Donors
You are a Diamond Donor if you have been giving to United Way for 20 years or more in any city.
If you are an individual or a couple who are Diamond Donors, United Way of Olmsted County would like to know.
- We want to recognize you.
- We want to thank you.
- We want to invite you to special celebrations, events and the community connection tours.
- We want to keep you informed.
- We want to make sure you know how important you are to us.
If you are a Diamond Donor please download, complete and return this Diamond Donor Information Form.
A Charitable Gift Annuity May Be Right for You
If stability of an income stream is important to you then take a look at a Charitable Gift Annuity with United Way of Olmsted County. The Charitable Gift Annuity is a perfect example of how our tax laws continue to provide special ways for you to accomplish two objectives with one asset – receive high returns on an asset for the rest of your life and still realize your charitable goals (view brochure for details). A closer look at the Gift Annuity reveals a true win-win proposition.
IRA Charitable Rollover Gift
If you are over 70 ½, you are eligible to make an IRA charitable rollover to public charities like ours. And the good news is that your IRA distribution to charity will be similar to other IRA rollovers -- it will not be included in your Federal taxable income.
While there is no added deduction for an IRA charitable rollover, avoiding an additional $100,000 of taxable income may save substantial income taxes not otherwise available. An added bonus is that your IRA charitable rollover this year will qualify for all or part of your required IRA minimum distribution (view brochure for details).
Charitable IRA rollovers are popular for at least five reasons:
- Convenience - It is a very simple and easy way to make a gift.
- Standard Deduction Benefit - With an IRA charitable rollover, you may take the standard deduction. Since the IRA rollover is not on your return, it may reduce your taxes.
- Lower Tax on Social Security - Because of an IRA distribution, you may be paying tax on 85% of your Social Security. Using the IRA charitable rollover may lower your income and only 50% of Social Security is taxable.
- No Giving Limits - With an IRA charitable rollover, you may give more than the usual deductible amount of 50% of income.
- Lower Income Level Saves Tax - Persons with higher incomes often lose part of their charitable deductions and other tax benefits. Using an IRA charitable rollover for part or all of your IRA required distribution may lower your income and save taxes.
We recommend that you discuss the benefits of an IRA rollover with your accountant or tax advisor.
If you or your advisor would like to receive IRA Gifts information, please call 507-529-4830.