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GIVING
The Joy of Generosity

Because of the pandemic and empty pews, St. Luke's as well as most churches, have fallen short of income for the past year plus a few months.  We have been forced to use our savings for operations. Because of the pews being empty, the electric, the gas and the water bills continued to come, as well as staff to keep newsletters going and people that support the information needed to be delivered to those that handled the needs of the parish.

When unable to attend church in person we encourage our parishioners to mail in their pledges or adopt online options that will be coming soon.

St. Luke's finance committees and vestry are currently working on creating more online tools for people that would prefer to use online giving.

It will take a bit of time to catch up to utilizing these options.  Before implementing options, we want to be sure they are safe for our congregation and others that would like to give online.

We want our website to designate your gift as a pledge or offering as well as for donations to the Memorial fund, and the building funds.  As time progresses, there will be other designated plans, much like our handicap accessible campaign, our lift fund, and others.

In the meantime of our finding alternant ways for you to give to St. Luke's, please use the old fashion, put it in the plate if you are there or send it by snail mail:  221 W. Second St., and in advance, thank you for your support in keeping St. Luke's alive and viable.

Charitable Contributions from an IRA

 

St. Luke’s is blessed to have a strong and fairly consistent base of financial support. With the prospect of engaging a permanent rector, the financial challenge becomes more important as we strive to increase the size of our congregation.

For members over age 72 who have retirement plans from which required minimum distributions (RMDs) are taken, gifts to St. Luke’s can be made directly from an Individual Retirement Account (IRA), thereby reducing the amount of RMD.

A Qualified Charitable Distribution (QCD) is a direct transfer of funds from the IRA custodian, payable to a qualified charity, such as St. Luke’s Episcopal Church. QCDs can be counted toward the RMD for the calendar year, provided that certain conditions are met. The amount of the QCD, except to the extent limited (see below), is excluded from taxable income, unlike regular withdrawals from an IRA.

Another advantage of making charitable contributions directly from an IRA is that the QCDs don’t require that you itemize those charitable contributions, meaning that you may be able to use the recently increased standard deduction while still making QCDs.

To make your contributions to St. Luke’s, you must have an IRA and be at least 72 years of age. The QCDs are limited to the amount that would otherwise be taxed as ordinary income for the calendar year. The maximum amount that can annually qualify for a QCD is $100,000 applicable to all QCDs in a calendar year. The funds must be distributed to St. Luke’s (or other qualifying charities) by the RMD deadline, December 31. Any amount donated in excess of the RMD does not count toward satisfying that year’s RMD.