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Did you know giving to Mercy Connections using your traditional IRA or Roth IRA is easy and saves taxes?

If you are 70½ years old or older, you may make a qualified charitable distribution (QCD) from your IRA to Mercy Connections without paying income taxes on your gift amount.

After years of short-term authorization, the IRA Charitable Rollover is now permanent. If you qualify, simply authorize the custodian of your IRA or Roth to make a QCD to Mercy Connections (EIN # 99-3988071) at 255 South Champlain Street, Suite 8, Burlington, VT 05401

To qualify:

• You must be age 70½ or older at the time of the gift.

• Transfers must be made by your plan administrator direct to Mercy Connections by Dec 31 of the tax year.

• The total charitable amount you may distribute in one calendar year is $100,000.

• QCD gifts must be direct from your IRA or Roth IRA to Mercy Connections. Distributions to donor-advised funds or life-income arrangements such as charitable remainder trusts and charitable gift annuities do not qualify.

Benefits:

• You pay no income taxes on the gift. The transfer does not generate taxable income or a tax deduction, so you benefit even if you do not itemize your deductions.

• QCDs can be counted toward satisfying your required minimum distributions for the year.

• Keeping your taxable income lower may reduce the impact to certain tax credits and deductions, including Social Security and Medicare.

• Your generous support will directly help hundreds relying on Mercy Connections as they take steps forward in their lives.

Join Mercy Connections Legacy Community by making a planned gift to support this work in perpetuity. If you choose to include Mercy Connections in your estate plans, please let us know so that we can honor your generosity.

Ways to make a legacy gift to Mercy Connections:

• Retirement Assets such as traditional IRAs or Roth IRAs, 401(k)s and other qualified plans are the easiest way to make a future gift. As the account holder, you can indicate an amount or percentage that you would like to leave to Mercy Connections on your plan’s beneficiary designation form.

• A Bequest is the most common planned gift and simply requires listing Mercy Connections as a beneficiary in your will. A donor may bequeath either a dollar amount or a percentage of one’s estate to Mercy Connections in a Charitable Bequest. Our tax identification number is 99-3988071.

Sample Bequest Language: “I bequest [describe dollar amount, property to be given, percentage, or proportion of your residuary estate] to Mercy Connections, a non-profit organization located at 255 South Champlain Street, Suite 8, Burlington, VT 05401.”

When you donate stock to Mercy Connections, the full market value of the security is tax-deductible as a charitable contribution and you avoid any capital gains tax.

In order to make a gift of stock, you can authorize your financial representative to transfer the certificates to Mercy Connections’ account. Please contact info@mercyconnections.org to obtain our brokerage account information.

Note: It is important that you not sell the securities in your name; as you would then be liable for capital gains taxes.

When making a gift of stock, please let us know so that we can acknowledge your generosity and the value of your gift which is determined by mean stock value on the day the securities are transferred from your ownership.

Mercy Connections relies on the business community to support this critical work. We have annual opportunities to honor your investment publicly using our signature events, social media channels, website, e-newsletter and more!

A sponsorship investment is more than a gift to support the programs and services at Mercy Connections, it is a partnership lifting lives of hundreds in our shared communities.

To learn more about our sponsorship opportunities, please contact info@mercyconnections.org.