Contributions to the following annual collections may be made directly to the organizations.
January
Pastoral Solidarity Fund for the Church in Africa
Pastoral Solidarity Fund for the Church in Latin America
February
Together in Mission
March
Church in Central and Eastern Europe
April
Holy Land Collection
May
Cardinal McIntyre Fund for Charity
June
Retirement Fund for Archdiocesan Priests
July
Peter's Pence
August
National Needs Combined Collection
September
Black and Indian Missions
October
World Mission Sunday
November
Catholic Campaign for Human Development
December
Retirement Fund for Religious
It’s almost the end of the year, have you made your plans for your Required Minimum Distribution (RMD)? Donating your RMD is a great way to have more control over your taxable income while supporting a qualified charity like your parish, St. Lawrence Martyr.
A Required Minimum Distribution is the minimum amount that must be withdrawn from IRAs and employer-sponsored retirement plans each year once you reach 73. The IRS uses a published Uniform Lifetime Table to determine the amount of your RMD each year.
Unless funds are donated to a qualified charity, they are added to your other income and the combined amount is taxable which could increase both your Federal and State tax bracket.
Transferring your RMD by your plan manager or trustee directly to a qualified charity like SLM will avoid taxes on your total contribution.
In 2024, the maximum amount you can contribute and avoid any taxes is capped at $105,000.
Transfer must be made by December 31, 2024.
We encourage you to consult a tax profession about your individual situation to determine the among you may wish to donate from your RMD. Visit irs.gov for more information.