Dear St. Tim’s family,
By now you might be feeling the rush of the season with last minute shopping, preparations, and school finals! It is that time of year. Know that with all of the frenetic energy, there is peace at the center in knowing God’s love. So, take some time this week and find a moment or some space to take a deep breath and rest in your belovedness and the goodness of God’s creation around us.
This Sunday we have one morning service at 9am as we close the season of Advent. Later in the day we have our 4pm Pageant and Communion service, followed by a Lessons and Carols with Communion at 8pm. I look forward to celebrating Christmas together and receiving the joy, peace, and love that is God with us.
I want to share a few important notes about year-end giving here at St. Tim’s, especially with new legislation that is expected to pass:
First, as several of you have spoken with me, there will be certain advantages for donors whose tax rate will be falling in 2018 to give 2018 pledged contributions before year-end. In other words, if you have a 2018 pledge to the operating fund, your deductions will be more valuable if claimed against this year’s income—before the new tax law takes effect. This month, some of you have already advanced your 2018 pledge as a way to maximize your 2017 deductions. Simply know this might be a beneficial option for some.
Second, if you’re looking for a way to make a significant year-end gift to St. Tim’s, and are currently 70 and one-half or older, you may be interested in lowering the income and taxes from your IRA required minimum distribution. An IRA charitable rollover is a way you can accomplish both goals.
The benefits of an IRA charitable rollover are numerous. You can:
- Avoid taxes on transfers of up to $100,000 from your IRA directly to St. Tim's.
- Satisfy your required minimum distribution (RMD) for the year.
- Reduce your taxable income, even if you do not itemize deductions.
- Make a gift that is not subject to the 50% deduction limits on charitable gifts.
- Help further the work and mission of St. Tim’s as we move into the future.
Contact your IRA plan administrator to make a gift from your IRA to St. Tim’s, or reach out to the church offices and ask for Jennifer Schmittling or Dick Loyd for further information.
Thanks to all of you who have pledged to the 2018 operating fund! As of Wednesday morning, we’ve received 137 pledges totaling more than $448,088!
As we enter into the New Year, know that I am giving thanks to God for the gift of being your pastor, for our shared ministry here, and the blessing of your commitment. Your faithfulness and support to one another is an inspiration, and I give thanks to God for the ministry we share.
God’s peace to you and I’ll see you Sunday!