The CRC has partnered with My Catholic Will to invite all donors to ensure they have provided for the future of their family and the CRC. Everyone can create a freewill, when they use the CRC link at https://mycatholicwill.com/crc
Use Code CRC
Friends 70.5, did you know you could bless the CRC with funds from your IRA? The US Government requires you to remove funds from your IRA each year of face a financial penalty.
You could make an IRA rollover gift each year to the CRC. The IRA Rollover allows donors to transfer up to $100,000 directly from their IRA annually. Of course, we would be happy with any amount that you bless us with!
Talk with your CPA or financial planner if an IRA Charitable Rollover is right for you. This allows you to gift directed from your IRA without taking the funds out, paying income taxes, and using after-tax funds to make a donation. These tax-exempt gifts are vital to the CRC's success now more than ever and keeping this Holy Ground open and improving.
Qualified Charitable Distributions, or QDCs are a way an Individual above age 70½ can make a gifts up to $100,000 every year directly from their IRA to charitable organizations. This charitable gift option applies only to IRA and Roth IRA plans, not to other retirement plans such as 401(k), 403(b), pension, profit sharing, Keogh, and employer sponsored SEP IRAs and simple IRA plans. Donors are encouraged to consult their retirement plan administrator, or their tax or financial advisor to determine whether this option would be advantageous for each donor’s financial and tax circumstances. The QCD - key provisions are:
• The QCD allows donors 70½ or older to transfer up to $100,000 directly from their IRA to a qualified 501c3 charity on an annual basis
• An IRA rollover gift is a tax-free distribution for the donor. Qualifying individuals can make charitable gifts using pre-tax IRA assets rather than taking a distribution, paying income taxes on the distribution and then using after tax assets to make a charitable gift
• An IRA rollover gift can be used to meet all or part of an IRA’s annual required minimum distribution or RMD.
Details to Provide to Your IRA Provider:
Legal Name: CRC Retreat Partners, Inc
EIN: 68-0658686
Mailing Address: 1515 Hughes Rd, Dickinson, Texas 77539
Memo: Where Needed Most
CRC Contact: Kim Brown [email protected]