STEWARDSHIP 2008 REPORT
Picture . . . The People, The Possibilities. Picture receiving 154 commitments for a total of $261,064 for our fiscal operating budget in 2009. How very, very wonderful. We are almost at last year’s level of commitment.
There is roughly another $58,000 in commitments which we received last year but not yet this year. Picture getting those pledges in for a total new commitment of $311,000 which goes beyond the $275,000 we are hoping for. The new level would really would give us possibilities in 2009.
If you have not completed your pledge card, now would be an excellent time to do so. May your New Year be filled with health, happiness and great wonderful experiences.
Use Your RETIREMENT ASSETS To Make A Gift to the Church
On October 3, 2008, President Bush signed the Emergency Economic Stabilization Act of 2008, which includes an extension of the IRA Charitable Rollover, allowing taxpayers to make current outright gifts of retirement assets. The new law provides that through the years 2008 and 2009, an owner of a Traditional or Roth IRA, who is age 70 1/2 or older, may instruct the Plan Administrator to distribute directly to a public charity, such as University Congregational Church, up to $100,000 without the distribution being included in taxable income, and that the distribution will count toward the IRA owner’s mandatory withdrawal amount. Please contact Joyce at the church office, 543-6952 with further questions, after consulting your financial advisor or tax accountant.