Special opportunity for building fund donations
From a Financial Advisor of our community:
Any Individual Retirement Account holder aged 70 ½ or older may make a contribution directly from a traditional IRA to a qualified 501(c)(3) charity of up to $100,000 without it being considered a taxable distribution.
The CARES Act, signed into law March 27, 2020, enables any taxpayer with a Mandatory Retirement Distribution due in 2020 from their Retirement Plan to skip their MRDs this year.
This is a great and most effective way for parishioners over age 70 ½ to make their 2020 donation to our Corpus Christi Chapel Building Fund.
If you wish to learn more about QCDs, don’t hesitate to ask Father Romanoski or Father Dorsa.
More information regarding your building fund and goals toward your future parish home can be seen here