By Mary P. Walker, Petrus Blog Contributor & Local Charity Board Member
Let’s Get Excited about RMDs!
This may be the most boring blog post you’ll read this week, but slogging through it could bring a lot of money to your ministry!
2021 is shaping up to be a CRAZY tax year. Many of our benefactors have just recently filed their returns for 2020—with the deadline extended to October 15. WHEW! Now, you can help them and your ministry by gently reminding them that December 31 is only about two months away. That is the last day for tax favorable gifts in 2021.
The funds for such a gift can come from a “required minimum distribution” (RMD) from a non-Roth IRA or other qualifying retirement plan account.
Many people view their traditional IRAs as “nest eggs.” Even though they are old enough (at least 59 ½) to draw on these IRAs without penalty, they don’t, or draw just enough to meet expenses. However, when they...
In this episode, Andrew visits with Liz Schriner, Director of Market Engagement & Special Gifts at Franciscan University of Steubenville. They discuss how to approach fundraising in new ways. From innovation and extension to Catholic impact investing and donor advice funds. They will also discuss how to step forward into this new era of current and post pandemic philanthropy.
Liz Schriner is the Director of Market Engagement and Special Gifts at Franciscan University of Steubenville. She is originally from New Zealand. She earned a degree in agriculture science and entered into public relations in that field. Her journey led her to America in her late 20s where she met and married her American husband. For the next 15 years they entered apostolate and pro-life work, traveling with their three children, living the camper life. Living the faith life. This led to grassroots work. After 15 years on the road, with their children growing too big for the camper,...