Frequently Asked Questions
How does the St. Mark's Foundation work?`
Gifts accepted by the Foundation are added to the gifts from others and invested. Grants are distributed from the investments in accordance with the mission of The Foundation. The effect is that your gifts keep giving forever.
Can the Foundation be utilized in estate and retirement planning?
In many instances, you can combine charitable goals with life income needs. The form most widely used is a bequest by will, which benefits the Foundation at your death. The Trustees suggest you consult your attorney, banker, accountant, or other financial advisers before making decisions.
How can I participate?
There are a variety of ways all of us can participate. Some ways are simple. Others may require financial and legal advice. In all cases, your gifts are legacies that will continue to grow and help generations to come. Please see the giving page for more information.
Can I give the Foundation a gift through my individual retirement arrangement (IRA) if I am over age 70 ½?
The Internal Revenue Service reminds those who are age 70½ (or older) that they can transfer gifts to a charity tax-free each year from their individual retirement arrangement (IRA). These transfers, known as qualified charitable distributions (QCDs), offer eligible older Americans a great way to easily give to charity before the end of each year. And, for those who are at least 73 years old, QCDs count toward the IRA owner's required minimum distribution (RMD) for the year. These charitable gifts can be directly donated to a charity of your choice by the trustee of the IRA. If you have questions and would like more information, please contact your financial and/or tax professional.*
*The St. Mark’s Evangelical Lutheran Church Foundation does not provide tax or legal advice. Your tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.
Who manages the Foundation?
The President appoints board members to various committees that assist in the administration of The Foundation.
Gifts accepted by the Foundation are added to the gifts from others and invested. Grants are distributed from the investments in accordance with the mission of The Foundation. The effect is that your gifts keep giving forever.
Can the Foundation be utilized in estate and retirement planning?
In many instances, you can combine charitable goals with life income needs. The form most widely used is a bequest by will, which benefits the Foundation at your death. The Trustees suggest you consult your attorney, banker, accountant, or other financial advisers before making decisions.
How can I participate?
There are a variety of ways all of us can participate. Some ways are simple. Others may require financial and legal advice. In all cases, your gifts are legacies that will continue to grow and help generations to come. Please see the giving page for more information.
Can I give the Foundation a gift through my individual retirement arrangement (IRA) if I am over age 70 ½?
The Internal Revenue Service reminds those who are age 70½ (or older) that they can transfer gifts to a charity tax-free each year from their individual retirement arrangement (IRA). These transfers, known as qualified charitable distributions (QCDs), offer eligible older Americans a great way to easily give to charity before the end of each year. And, for those who are at least 73 years old, QCDs count toward the IRA owner's required minimum distribution (RMD) for the year. These charitable gifts can be directly donated to a charity of your choice by the trustee of the IRA. If you have questions and would like more information, please contact your financial and/or tax professional.*
*The St. Mark’s Evangelical Lutheran Church Foundation does not provide tax or legal advice. Your tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.
Who manages the Foundation?
The President appoints board members to various committees that assist in the administration of The Foundation.