NEW DIRECTOR OF PLANNED GIVING JOINS MORAVIAN
Patricia Price has joined Moravian's Institutional Advancement department as Director of Planned Giving. Patti has worked in higher education and for human service organizations since 1975, most recently devoting eleven years to the international relief and assistance organization CARE. She earned her Bachelor of Arts degree from the University of Miami and a Master of Education degree in Higher Education from Lehigh University.
Patti views her role in Planned Giving as helping people make their charitable dreams come true, and she believes the key to philanthropy is "desire," not "dollars." She offers some good financial news on the giving front.
Tax-Free Gifts Reauthorized by Congress
Congress recently reauthorized the provision that allows you to make a tax-free gift from your IRA to Moravian College. That means you have a new source of tax-advantaged funds to use to make a gift.
Qualified charitable distributions:
Example: Suppose you have $500,000 in an IRA and will be required to withdraw approximately $25,000 this year, and suppose that you also want to contribute $20,000 to Moravian College. You can authorize the administrator of your IRA to transfer $20,000 to Moravian College and $5,000 to yourself. The $20,000 distributed to Moravian will not be subject to tax and will be counted toward your annual minimum distribution.