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Charitable opportunity for IRA owners who are 70 ½ years of age or older! The Tax Extenders and Alternative Minimum Tax Relief Act of 2008 permits a transfer of up to $100,000 from your IRA to a charity without paying tax for withdrawing your assets. You can make your gift in 2008 and in 2009 without the need to report this distribution amount as ordinary income subject to taxes. We invite you to learn more about this opportunity and how you can leave a legacy gift to the Sisters of St. Benedict of Ferdinand with your tax-free IRA transfer. E-mail for more information. Call Sister Barbara Lynn Schmitz at 812-367-1411, ext. 2630. Read a letter from our prioress, Sister Kristine Anne Harpenau, explaining this opportunity.
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