3 minute read
GRANDPARENTS
Grateful for Grandparents!
Thank you, grandparents, for honoring your grandchildren by making a gift to Annual Fund. We are grateful for your investment in the lives of students and in our school!
Advertisement
Our granddaughters, Zoe and Ada, have attended MPCS since they were threeyears old and have cumulatively been at the school for 14 years. When we began looking for a private school for our grandchildren, we had two criteria: the school must be Christ-centered and must also provide a well-rounded, demanding academic curriculum. Not only did MPCS meet these criteria, but the school also included top-notch athletic and arts programs and an exceptionally beautiful campus. Small class sizes and modern classrooms enable the faculty and staff to provide personalized instruction to the students, guaranteeing them the best chance of success. Christian faith and discipleship are seamlessly integrated into every aspect of the students’ education, enabling them to establish a strong moral, faith foundation that will prepare them to face the challenges they will no doubt encounter when they continue their education at a higher level. The MPCS mission of preparing servant-leaders to honor God, love others, and walk in Truth is integrated into all aspects of the MPCS educational experience. The school has exceeded all of our expectations! We encourage all grandparents to join us in supporting the MPCS Annual Fund in honor of their grandchildren. We can’t imagine an investment that provides a more worthwhile return.
— Mr. Robert and Mrs. Emilie Parsons
Mr. Robert and Mrs. Emilie Parsons
55
grandparents gave to Annual Fund in 2021-2022. To view the list of names giving to Annual Fund, please scan the QR code.
Grandparents are Always Welcome!
We love seeing our grandparents on campus and welcome you to check our master calendar for upcoming school events at MPCS.
SAVE THE DATE
Our preschool and lower school students look forward to welcoming their grandparents to campus for the annual MPCS Grandparents’ Days, April 13-14, 2023. Please save the date, and plan to join us in the spring for this event.
TAX ADVANTAGES
IRA TAX ADVANTAGES - QUALIFIED CHARITY DISTRIBUTIONS FOR 2022
You may be wondering if a Qualified Charity Distribution (QCD) is a good use of your funds. For many, making a QCD before December 31, 2022, may be a good way to support a qualified charity, like Mount Paran Christian School, a (501(c)(3) non-profit, while avoiding a hefty tax penalty. Seniors can reduce their tax burden by donating to charity through their IRA | Internal Revenue Service (irs.gov)
IRS TAX TIP 2022-171
A QCD is a nontaxable distribution made directly by the trustee of an IRA to organizations that are eligible to receive tax-deductible contributions. Making a QCD can benefit the taxpayer by reducing their taxable income while they support qualifying charitable organizations of their choice. The taxpayer doesn’t have to worry about meeting the standard deduction or itemizing deductions with a QCD.
QCD Guidelines
• Taxpayers who make a QCD must be at least 70½ years old on the day of the distribution. • A QCD will count toward a required minimum distribution. • The taxpayer must have an acknowledgment of the contribution. • The amount of the QCD can’t be more than the amount of the distribution that would count as income. • Declare the QCD as income to claim the charitable contribution as a deduction. • The maximum annual exclusion for QCDs is $100,000. • When filing a joint return, the spouse can also have a QCD and exclude up to $100,000. • Any QCD more than the $100,000 exclusion limit counts as income like any other distribution. • The amount of QCD contribution limits for exclusion reduce after age 70½.
Important Disclosure: This information has been provided for educational purposes only. It is not intended to be a substitute for specific individualized tax planning or legal advice. Please check with your tax advisor to see if this is a good fit for your tax planning.
