You may already be aware of the significant tax implications of the now-permanent IRA Charitable Rollover Act. If you are 70 ½ or older, you can give from your individual retirement account (IRA) to charity AND receive significant tax benefits in return.
“Selling their possessions and goods, they gave to anyone as he had need… They broke bread in their homes and ate together with glad and sincere hearts praising God and enjoying the favor of all the people.” (Acts 2:45-47, NIV)
“People at my church wanted to get on this new thing called the internet,” recalls Michael Wolthuis, who was only 13-years-old at the time. His parents had given him a computer the year before, positioning him to launch an entrepreneurial career.
By Rev. Phillip Leo, Church Communications Director
A millennial friend recently told me he gives to charities that fight diabetes. He gives to his church, too – but there’s a personal connection to the cause of diabetes. His father suffers from this disease, so giving to find a cure feels just that much more personal.