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There are many reasons to support
St. Joseph & Gehlen Catholic School. Everyone has a different
reason, among them:
*Tradition
*Pride
*Loyalty
*Appreciation
*Desire
to help Gehlen Catholic School
*A
way to remember a family member, teacher, coach, classmate, or
friend.
*Giving
back for the education you or your child or grandchild received at
St. Joseph and Gehlen Catholic School
*Ensuring
the quality and success of Gehlen Catholic School or a specific
program
*Through
your loyalty and support, you ensure that Gehlen Catholic School
continues to develop and serve the LeMars area, ensuring our
students have an education embedded in faith, values, service &
academic excellence.
Benefits of Giving
There are many options for
individuals, companies, and organizations to make a financial
contribution to Gehlen Catholic School. Regardless of the size,
your support makes a difference in the lives of students at Gehlen
Catholic School! Every gift will be acknowledged in writing and in
our prayers.
New Tax Break for IRA Owners
An IRA owner, age 70 1/2 or over, can
directly transfer tax-free, up to $100,000 per year to an eligible
charitable organization. This option is available in the 2007 tax
year. . Eligible IRA owners can take advantage of this provision,
regardless of whether they itemize their deductions. Distributions
from employer-sponsored retirement plans, including SIMPLE IRAs and
simplified employee pension (SEP) plans are not eligible.
To qualify, the funds must be contributed directly by the IRA
trustee to the eligible charity. Amounts so transferred are not
taxable and no deduction is available for the amount given to the
charity.
Not all charities are eligible under this provision. For example,
donor-advised funds and supporting organizations are not eligible
recipients.
Transferred amounts are counted in determining whether the owner has
met the IRA's required minimum distribution rules. Where individuals
have made nondeductible contributions to their traditional IRAs, a
special rule treats transferred amounts as coming first from taxable
funds, instead of proportionately from taxable and nontaxable funds,
as would be the case with regular distributions. |
