Finance

By Linda Wilson, financial secretary

ADVANCED GIVING

Some New Zion givers have asked for a way to give a large gift to the general fund and have it spread out through several months. 

 This need has arisen primarily because of "Required Minimum Distributions" from Individual Retirement Accounts (IRAs).  This money can be given to a charitable organization without any income tax being assessed. 

 So, if a person gives this money to New Zion, it will be placed in a sub account of our savings account titled, "Advanced Giving."  Then a set amount will be transferred from this savings account to the general fund monthly. 

 If you have questions about this, contact Linda Wilson, financial secretary.

 

Karen Horn