Satisfy Your Required IRA Distribution & Pay No Tax
DID YOU KNOW?If you are 70 ½ or older, you are required by the IRS to take required minimum distributions from your IRA(s) each year. When planning your IRA withdrawal strategy, you might consider making charitable donations to Lafayette Urban Ministry through a Qualified Charitable Distribution, also known as an IRA charitable rollover. Since LUM is a qualified 501(c)(3) charity, your gift can be made directly from your IRA to LUM. The ADVANTAGES are as follows:
It’s an easy way to make an investment in LUM from one of your major assets.
It satisfies all or part of your annual mandatory distribution requirement at age 70 ½ and older.
It is excluded from income so you pay no federal tax on this amount, and avoid potentially being moved into a higher tax bracket.
To calculate your mandatory minimum withdrawal use the IRA Required Minimum Distribution Worksheet, click HERE. Once you’re ready, direct the administrator of your IRA(s) to make the charitable distribution(s) directly from your IRA(s) to Lafayette Urban Ministry, Inc. For a sample letter to your IRA administrator, click HERE. For more information, you may email or call the LUM executive director, Joe Micon (email@example.com | 765-423-2691).
LUM relies on donations from individuals, businesses and organizations to offer programs that strengthen families & children in our community. LUM has recently been blessed with a special gift of $15,000.
The donor family, who wish to remain anonymous, has admired the work of LUM for some time. The donor approached Joe Micon, LUM executive director, and they soon came up with a plan that matched the goals of the donor and also met the needs of LUM. Our donor has designated the gift to support various food & nutrition initiatives at LUM, including meals at LUM Camp, snacks at the After School Program, snacks & meals at the 5th Quarter Summer Learning Program, meals at the Emergency Shelter, and food items for the Protein Food Pantry (pictured above).
LUM is fortunate to have such generous and passionate supporters, and is especially grateful to our recent anonymous donor. This gift of $15,000 is already having a tremendous positive impact on LUM programs and strengthening local families and children. If you and your family are ready to make an investment in the programs at Lafayette Urban Ministry, Joe Micon is ready to meet with you as well. Please email or call Joe Micon (firstname.lastname@example.org | 765-423-2691).
Currently there are openings for Overnight Shelter Volunteers. Volunteers are needed 365 nights a year from 8 p.m. to 7 a.m. or 8 p.m. to midnight. Duties include check-in, serve dinner, and distribute toiletries. Volunteers must be able to maintain confidentiality, interact with a variety of people, be at least 18 years old, and attend one Shelter Training Session. Training sessions are offered every Monday night at 6:30 p.m. (no need to register for training).
If you’re interested or need more information, click HERE — or email or call David Heckert (email@example.com | 765-423-2691).
Wednesdays – Sept. 11 through Nov. 13 from Noon to 1 p.m.
Location – LUM Office Conference Room
No Spanish language skills required – ideal for both beginners & those wanting to refresh their skills
FREE and open to the public – Limited to 30 participants
BYO lunch & bring a friend (optional)
Each conversation table will focus on a different topic such as shopping, communicating with a doctor, dining out, obtaining directions, etc. These sessions offer a wonderful opportunity for individuals wishing to connect with their Spanish speaking neighbors. Staff, volunteers and congregants from member churches are encouraged to take advantage of these sessions.
DID YOU KNOW? That without a government issued identification card, birth certificate and Social Security card, individuals CANNOT or find it difficult to do the following:
Open a BANK account
Accept a JOB offer
Enroll in SCHOOL
Get HOUSING: Sign a lease, rent an apartment
Get an Indiana DRIVER’S license
Buy, lease or rent a CAR
See a DOCTOR, get medical treatment
Apply for and receive government ASSISTANCE such as food stamps, WIC, disability benefits, free federal school lunch, VA benefits
The LUM ID Clinic specializes in helping individuals obtain an ID card — including getting a birth certificate and Social Security card, often needed to get the ID card. To apply for an Indiana ID card, individuals must provide proofs of identity and residence, Social Security card and birth certificate; and pay a $13 fee (every six years) — not to mention fees of as much as $50 for a copy of a birth certificate. Additionally, getting an ID can be a complicated and frustrating process often requiring multiple visits to a state office and many phone calls. It is even more of a challenge for members of our community who are homeless.
The ID Clinic is one of the most important, life changing programs at LUM but one of which individuals are least aware. It is led by Linda Hicks, the LUM Good Samaritan Program director, and is offered as a free service three days a week. Please keep the LUM ID Clinic in mind when you meet someone struggling with the process of getting an ID Card — and invest in this important program by making a donation today.
If you love and support Lafayette Urban Ministry and want to share your passion with others — the LUM Video is for you!
LUM produced the video, “Giving Help, Giving Hope,” to be used to recruit new volunteers, engage new churches, civic & school groups, and ask individuals and businesses to invest in LUM by making a donation.
This video is available to the public through the LUM website, and anyone, including YOU, as well as member churches, may use the video to entice others to engage and invest in LUM as well. The video features Joe Micon, LUM executive director, and several LUM volunteers who tell heart-felt stories about how LUM “Gives Help & Gives Hope” each and every day of the year. Please SHARE with others today.
At the August meeting of the LUM executive council, associates from Edward Opperman Certified Public Accountants presented an overview of the LUM Report on Audit of Financial Statements (Dec. 31, 2018 & 2017). Presenting was the CPA who prepared the report and most recent tax return, Edward Opperman (pictured at the head of the table).
Opperman shared that,
“LUM’s finances are in very good order and would be the envy of any non-profit organization.”
He also stated that,
“LUM is financially stable and strong. There is a good balance between operating revenue and expenses managed by a very professional business office staff who keep clear records of fiscal transactions. LUM is spending money on programs & services that are in line with its mission statement and less on overhead — which is impressive!”
Thanks to the vision and leadership of the LUM Board of Directors, executive director and business office staff, as well as the generous support of the many financial donors, Lafayette Urban Ministry has established a history of being fiscally sound, allowing its vital programs and services to adapt and grow with the needs of the children and families in our community.
If you wish to review the most recent LUM reports, click on the name of the report:
Joe Micon, LUM executive director, attended the Mission Fair this past Saturday at Central Presbyterian Church, Lafayette. The fair was sponsored by the four Tippecanoe County Presbyterian congregations (Bethany, Central, Dayton Memorial & Elston), Presbyterian Mission Agency, and Presbytery of Wabash Valley; and included several booths with information about specific mission opportunities, as well as lunch and a presentation by Charles & Melissa Johnson from a partner mission in the Republic of Zambia, in south-central Africa. The planning committee for the Mission Fair (Chip Goldsberry, Terry Phillips, Paul Houser, Carolyn Goldsberry, the Rev. Lucia Oerter, and Sara Stallings) is pictured above with Joe Micon.
Originally from Brookfield, Illinois, Isabel Petkov lives in West Lafayette with her parents, Chris & Ivan, and her sisters, Claire (16) & Anna (13). She graduated from Harrison High School and now attends Indiana University, where she’s majoring in Law & Public Policy with a minor in Spanish, and was a member of the Civic Leaders Living Learning Community. With the LLC, Isabel volunteered at a homeless shelter and community garden and registered people to vote.
At LUM this summer, Isabel volunteered with the Immigration Clinic— translating, meeting with clients, and assisting the director. While in high school, she also volunteered with the LUM After School Program. The experience reminded Isabel of something her grandmother tells her often — “Tomorrow’s Never Promised.” She now realizes that every little thing she does to assist someone in need has an impact. She shared,
“Working with clients at LUM has been eye-opening. The Immigration Clinic is really needed and necessary. The LUM staff is welcoming, hard-working and thorough. It’s been rewarding to know, even ‘I’ can help.”
This work has given Isabel a lot to think about as she develops her plan of study at IU and starts thinking about her career and advanced degrees.
In addition to school and volunteering, Isabel loves hanging out with her friends, supporting her sisters’ activities, reading — and occasionally listening to K-Pop.
For more information on how to VOLUNTEER with Lafayette Urban Ministry, click HERE.