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Reducing Tax Burdens

Support Epworth’s Building Fund

Here is a chance to donate any amount less than $100,000 to Epworth's capital campaign without recognizing the amount given as taxable income. The Pension Protection Act of 2006 permits individuals to make gifts of $100,000 or less from an IRA directly to a qualifying charity without recognizing the assets gifted as income during 2006 and 2007 only.  To qualify, such donations must be distributions that would otherwise be taxable from a traditional or Roth IRA to individuals that have attained the age of 70 1/2 prior to the distribution.  The IRA trustee or custodian must make the payment from the IRA directly to the charity ( eg. Epworth).  Qualified Charitable Distributions (QCD) are only available for a limited time.  The provision expires at the end of 2007 unless additional Congressional action is taken.

 Some of us have reached the age where annual distributions from our IRA's are mandated by IRS.  This law presents an opportunity to generously support Epworth's building campaign while reducing individual tax burdens this year and next.  Avoid taxable income while also claiming the amount as a deductible contribution......We all win!!  If you consider a QCD, please discuss this strategy with your tax advisor or financial consultant. 

By Ken Diggs

 

Upper Room Prayer Ministry

UPPER ROOM PRAYER MINISTRY and
THE PENINSULA-DELAWARE CONFERENCE
UNITED METHODIST MEN

The Upper Room Living Prayer Center is a 24-hour, 7-day-a-week intercessory prayer ministry staffed by Christian volunteers. When you call, a person will answer the phone, receive your prayer request, and pray with you. At this point of contact, the caller and prayer partner spend time together with God, listening, seeking, and being comforted. After your call, your prayer concern will be forwarded to one of 300 Upper Room Covenant Prayer Groups located all over the world, who will pray for your request for the next 30 days. More than 30,000 prayer requests are received each month.

You can call in a request by dialing 1-800-251-2468.

The United Methodist Men’s Foundation and its members (that would be us) contribute greatly to the life of this ministry. Every year for the past 29 years, we have contributed by paying the cost of the toll free prayer line, an estimate of $28,000 a year, and by staffing the lines throughout the year. Our commitment as the UMM of the Peninsula-Delaware Conference is $1,000 this year. We have four districts – that’s $250 per district. Each district only needs to get 10 UMM Groups to donate $25 each. Your UMM Group’s donation can be made out to the Peninsula-Delaware Conference and mailed to Calvin Blake, Jr., 815 Springfield Circle, Salisbury, MD 21804. The prayer line is one of the many wonderful yet sometimes overlooked ministries we support.

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