Holy Cross Seal
Welcome to the Midwest Province Website
Brothers of Holy Cross
Congregation of Holy Cross
Jesus, Mary and Joseph
Development Department
 
   
Between now and December 31, 2007, you have a unique and unprecedented opportunity
to make a tax free gift to the Brothers of Holy Cross from you Individual Retirement
Account.
   
In 2006, Congress passed legislation allowing a direct transfer from your IRA to a
qualified charitable organization. This legislation is known as a “Charitable IRA
Rollover” and works as follows:
   
•
If you are age 70 1/2 or older, you may transfer up to $100,000 directly
from your IRA to the Brothers of Holy Cross
•
The distribution qualifies toward your Minimum Required Distribution
requirement
•
The distribution does not qualify as a charitable deduction for tax purposes
but, you pay no income tax on the amount distributed
•
The distribution does not generate taxable income
   
If you are interested in discussing this unique opportunity, please call Br. Roy Smith, C.S.C. (left) (574-631-2928) or Jerry Kearns (574-631-2937).
Assistant
Director		 Director
 
 
The brothers encourage you to always consult with your tax, legal or financial advisor
before implementing any gift.