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<p><strong><b><font size=3 color="#333333" face=Verdana><span style='font-size:
12.0pt;font-family:Verdana;font-weight:normal'>Below is some information for
you on a giving opportunity for your church members on how they can give money
directly to you from a required distribution from an IRA. This is to expire at
the end of 2007 so we wanted to alert you in case you have anyone in your
church who could benefit from this – and benefit your church from this
too! <st1:PersonName w:st="on">Jim Mentzer</st1:PersonName> in the United Methodist
Foundation wrote this article and can give you specific guidance if you have
questions. His contact information is listed in the article.<o:p></o:p></span></font></b></strong></p>
<p><strong><b><font size=3 color="#333333" face=Verdana><span style='font-size:
12.0pt;font-family:Verdana;font-weight:normal'>Christine<o:p></o:p></span></font></b></strong></p>
<p><strong><b><font size=3 color="#333333" face=Verdana><span style='font-size:
12.0pt;font-family:Verdana'><o:p> </o:p></span></font></b></strong></p>
<p><strong><b><font size=3 color="#333333" face=Verdana><span style='font-size:
12.0pt;font-family:Verdana'>Last Call for IRA Charitable Rollovers</span></font></b></strong><o:p></o:p></p>
<p><font size=3 color="#333333" face=Verdana><span style='font-size:12.0pt;
font-family:Verdana'> If you are older than age 70½, and own an IRA
retirement account, then now is the time to act on a special charitable
opportunity. From now until December 31, 2007, you will have the opportunity
to give up to $100,000 directly from an IRA to a qualified charity, such as
your local United Methodist church. Or, you might prefer to place your endowment
gift through United Methodist Foundation for the benefit a special ministry within
the North Carolina Conference connection.<o:p></o:p></span></font></p>
<p><font size=3 color="#333333" face=Verdana><span style='font-size:12.0pt;
font-family:Verdana'> How does this work? Actually, it’s fairly
simple. </span></font><font face=Verdana><span style='font-family:Verdana'>This
program allows a person already taking required minimum distributions from an
IRA to give some (or all) of those dollars to a qualified charitable
organization without having the distribution count as income for 2007. This
means that a charitable gift can be made without having to itemize deductions.
Moreover, the reduction in taxable income may mean that one’s Social
Security benefit will not be taxed as heavily as might otherwise be the case.
And, this </span></font><font face=Verdana><span style='font-family:Verdana'>type
of charitable gift will satisfy the IRS Required Minimum Distribution on IRAs.
<o:p></o:p></span></font></p>
<p style='margin-left:.25in'><font size=3 color="#333333" face=Verdana><span
style='font-size:12.0pt;font-family:Verdana'>Here are a few “fine
points” about this charitable strategy: <o:p></o:p></span></font></p>
<p style='margin-left:.5in;text-indent:-.25in;mso-list:l0 level1 lfo1'><![if !supportLists]><font
size=3 color="#333333" face=Symbol><span style='font-size:12.0pt;font-family:
Symbol'><span style='mso-list:Ignore'>·<font size=1 face="Times New Roman"><span
style='font:7.0pt "Times New Roman"'> </span></font></span></span></font><![endif]><font
face=Verdana><span style='font-family:Verdana'>Gifts may be made from
traditional and Roth IRAs only;<o:p></o:p></span></font></p>
<p style='margin-left:.5in;text-indent:-.25in;mso-list:l0 level1 lfo1'><![if !supportLists]><font
size=3 color="#333333" face=Symbol><span style='font-size:12.0pt;font-family:
Symbol'><span style='mso-list:Ignore'>·<font size=1 face="Times New Roman"><span
style='font:7.0pt "Times New Roman"'> </span></font></span></span></font><![endif]><font
face=Verdana><span style='font-family:Verdana'>Nobody under the age of 70 1/2
can take advantage of this option;<o:p></o:p></span></font></p>
<p style='margin-left:.5in;text-indent:-.25in;mso-list:l0 level1 lfo1'><![if !supportLists]><font
size=3 color="#333333" face=Symbol><span style='font-size:12.0pt;font-family:
Symbol'><span style='mso-list:Ignore'>·<font size=1 face="Times New Roman"><span
style='font:7.0pt "Times New Roman"'> </span></font></span></span></font><![endif]><font
face=Verdana><span style='font-family:Verdana'>The money must come out of
the IRA directly to the charity; <o:p></o:p></span></font></p>
<p style='margin-left:.5in;text-indent:-.25in;mso-list:l0 level1 lfo1'><![if !supportLists]><font
size=3 color="#333333" face=Symbol><span style='font-size:12.0pt;font-family:
Symbol'><span style='mso-list:Ignore'>·<font size=1 face="Times New Roman"><span
style='font:7.0pt "Times New Roman"'> </span></font></span></span></font><![endif]><font
face=Verdana><span style='font-family:Verdana'>The donor cannot receive any
benefit from the charity because of the gift.<o:p></o:p></span></font></p>
<p><font size=3 color="#333333" face=Verdana><span style='font-size:12.0pt;
font-family:Verdana'> To find out if this special charitable gift program
might be right for you, talk with your financial or tax advisers today. Or,
contact Rev. <st1:PersonName w:st="on">Jim Mentzer</st1:PersonName> at United
Methodist Foundation (919-836-0029) for more information. Remember –
this year’s </span></font><font face=Verdana><span style='font-family:
Verdana'>transfer must be completed prior to December 31, 2007 – act
today!<o:p></o:p></span></font></p>
<p class=MsoNormal><b><font size=3 face=Verdana><span style='font-size:12.0pt;
font-family:Verdana;font-weight:bold'><o:p> </o:p></span></font></b></p>
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font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><st1:PersonName w:st="on"><b><i><font size=1 face=Arial><span
style='font-size:9.0pt;font-family:Arial;font-weight:bold;font-style:italic'>Christine
Dodson</span></font></i></b></st1:PersonName><b><i><font size=1 face=Arial><span
style='font-size:9.0pt;font-family:Arial;font-weight:bold;font-style:italic'>,
CPA, MBA</span></font></i></b><b><i><font size=1><span style='font-size:9.0pt;
font-weight:bold;font-style:italic'><o:p></o:p></span></font></i></b></p>
<p class=MsoNormal><b><i><font size=1 face=Arial><span style='font-size:9.0pt;
font-family:Arial;font-weight:bold;font-style:italic'>Conference <st1:PersonName
w:st="on">Treasurer</st1:PersonName></span></font></i></b><b><i><font size=1><span
style='font-size:9.0pt;font-weight:bold;font-style:italic'><o:p></o:p></span></font></i></b></p>
<p class=MsoNormal><b><i><font size=1 face=Arial><span style='font-size:9.0pt;
font-family:Arial;font-weight:bold;font-style:italic'>NC Conference/United <st1:place
w:st="on"><st1:PlaceName w:st="on">Methodist</st1:PlaceName> <st1:PlaceType
w:st="on">Church</st1:PlaceType></st1:place></span></font></i></b><b><i><font
size=1><span style='font-size:9.0pt;font-weight:bold;font-style:italic'><o:p></o:p></span></font></i></b></p>
<p class=MsoNormal><b><i><font size=1 face=Arial><span style='font-size:9.0pt;
font-family:Arial;font-weight:bold;font-style:italic'>(919) 832-9560</span></font></i></b><b><i><font
size=1><span style='font-size:9.0pt;font-weight:bold;font-style:italic'><o:p></o:p></span></font></i></b></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
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