Prince of Peace at 4300 Walnut Lake Road, West Bloomfield, MI 48323 US - MAKE A GIFT THROUGH AN IRA CHARITABLE ROLLOVER

If you are over the age of 70½ , you must take a required minimum distribution from your IRA.  Normally, the amount of this distribution is taxed as ordinary income.  However, federal legislation enacted on October 3, 2008 extends the opportunity for you, for the remainder of 2008 and throughout 2009, to make a direct distribution from your IRA to a qualified charity, such as Prince of Peace, the Catholic Services Appeal (CSA) or another archdiocesan institution.  Such distributions, while not subject to income tax, will still count toward fulfilling your required minimum distribution.  While this topic is fresh on your mind, ask your attorney and financial advisor how to make the Church a beneficiary of your will or trust or IRA.

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