Ways to Give

Make a Difference for Mount Olivet

Giving to the ministries of Mount Olivet Lutheran Church is a very thoughtful thing to do and greatly appreciated. As the end of the year approaches, please consider the many ways to give. Gifts can be made in many ways other than cash, checks, and credit cards. You could visit mtolivet.org and make a gift, or use your “My Mount Olivet” app to give on the go. Another option is to use appreciated assets. Perhaps you have stock that has appreciated in value over the years. You could donate those shares to make a gift. Because Mount Olivet is a nonprofit organization, there can be tax savings. If you are 70½ or older, you may be able to use the Charitable IRA Rollover, which was permanently reinstated by Congress at the end of last year, to make a gift.

The Key Qualifications Are:

Only traditional IRAs are eligible for gifting.
Donors must request a direct transfer of funds from their plan administrator to a qualified 501(c)(3) nonprofit.
Gifts cannot be made to a private foundation or to a donor-advised fund.
Gifts cannot be used to fund a charitable gift annuity or charitable remainder trust.
IRA gifts will not be treated as taxable withdrawals.
If you have not taken your Required Minimum Distribution (RMD), this transfer will count towards your RMD for any given year.
Any individual may directly transfer up to $100,000 to any 501(c)(3) nonprofit in a given calendar year.

Thank you for your love and support of your church and its many ministries, which your generosity makes possible. For more information on the ways to give, or to request information on giving a gift of appreciated assets or the Charitable IRA Rollover, please contact Mari Carlson, director of development, at mcarlson@mtolivethomes.org or 612.821.3150. This information is not intended as legal advice. Donors should always consult with their legal or tax advisers before making a gift using IRA funds.