November Orange County Catholic New Law Passed by Congress to

November 2006 Orange County Catholic – 23 New Law Passed by Congress to Encourage Giving he Pension Protection Act that recently became law affects giving by people over 70 ½ years old. They may donate up to $100,000 from their IRAs in both 2006 and 2007 without paying income tax on these funds. Individuals with traditional IRAs or Roth IRAs may make tax free gifts to qualified 501 (c)(3) charities by direct transfer, but may not direct gifts to donor advised funds, charitable remainder trust, gift annuities or similar planned gifts. Donors may not claim an income tax deduction if they give in this manner. 401(k) and 403(b) plans, or other non-IRA plans do not qualify. Parishioners should check with their advisor to determine if they may transfer funds from other accounts into an IRA and then make Orange County Catholic T a charitable gift. A husband and wife having separate IRAs may each contribute up to the limit in both years of the program. Donors over 70 ½ may use this method for their regular charitable gifts during this period of time, or use it to make capital campaign gifts, pay off capital campaign pledges or to create permanent endowed funds for the parish through the Orange Catholic Foundation. In order to donate funds or other assets from an IRA, the donor must instruct his or her broker or investor to call the diocesan contact at Morgan Stanley (Tom Kleinbauer) and wire transfer the gift. The broker will need to know the DTC number for the Diocese (which is 0015) and the Diocesan account number (which is 242-047591-250) and give instructions to restrict the gift to your parish account for the purpose desired. This is the same procedure used to transfer stock or other assets for an outright or deferred gift that does not relate to this program, but does generate an income tax deduction if you itemize. Eligible donors (over 70 ½) may make such gifts before Dec. 31, 2006 to a parish (and or other charities) and then do it again next year. For more information or to discuss this rare option, please call John Scola at the Diocese of Orange at 714282-3027. This information may not be considered as legal or tax advice, but is meant to be informative in nature. You may wish to consult with your legal or financial advisors for more specific advice. OCC ADVERTISE! TEL: (213) 637-7327 SENIOR CITIZENS ONLY REVERSE MORTGAGES CALL JOSEPH 562-881-0861 Loan Originators Full-time and Part-time positions. No experience required. Training provided. Commission only. Call Hank 818-676-1130 or 562-755-1448 CATHOLIC PARENTS OF GAY CHILDREN Prayer group Pray in your own home. Stock Transfers and Privacy Laws he Diocese of Orange is grateful for all our benefactors who support our mission and ministries. Occasionally, a thoughtful donor will make a gift of stock without sending word to the Business Office. While we recognize some people want to remain anonymous, we want to be able partnership pilgrimages The art of travel is the art of letting the sacred touch the places in our lives that matter so deeply call for information on For Info. write P.O. Box 3116 Mission Viejo, CA 92690 dmjessed@cs.com Please read: A Mother Looks at The Gay Child by: Jesse Davis T to thank as many of our generous donors as possible. Changes in the federal privacy act have prohibited us from learning the names of people who make gifts of stock if the name is not disclosed at the time the gift is made. If you plan to make a gift of stock, we would appreciate knowing about it so we can thank you. Either call the Business Office at 714-282-3010 or send a letter to Phil Ries, Director of Finance, Diocese of Orange, 2811 E. Villa Real Drive, Orange, CA 92867-1999. If you already made a gift of stock and have not received a personal thank-you, please contact us. Y have our most ou heartfelt gratitude and prayers. OCC CALENDAR CONTINUED FROM PAGE 11 DECEMBER 16 Shining Star Singles Dance—Our Lady of Guadalupe Coleman-Jubilee Center, 900 W. La Habra Blvd., La Habra, 8 p.m. to midnight. Sponsored by the Orange County Catholic Alumni Club. Admission $15 (members), $18 (non-members). For more information call 562-947-1771. liaisons Father Eamon O’Gorman Ave., Santa Ana, 10 a.m. New mem(949-497-2601) or Deacon Bill bers invited. Cobbett (714-963-1811, ext. 122). Serra International of Orange Catholic Charities Auxiliary County—Regular meetings on the General Meeting—Held on the first and third Thursdays of each third Monday of each month at month at the Tustin Banquet Center, the offices of Catholic Charities of noon. For more information call Orange County, 1800 E. McFadden Sara Adamo at 714-544-7736. OCC December 2006 pilgrimages to Our Lady of Guadalupe 2007 Pilgrimages to France, Italy, Medjugorje, and the Holy Land contact: Joyce Cottage (949) 306-7324 jcottage@cox.net Peace on all your journeys A Spiritual Journey to Italy March 5 to 15, 2007 $2,699 from Los Angeles A Spiritual Journey to Italy Dr. Phil Johnston April 17 to 26, 2007 $2,899 from Los Angeles A Marian Pilgrimage to Lourdes & Rome Fr. Marco Reyes May 1 to 10, 2007 $2,799 from Los Angeles A Journey to Spain, Portugal & France Rev. Tim Keppel CR June 13 to 27, 2007 $3,699 from Los Angeles A Journey to the Great Cities of Europe Prague, Vienna, Budapest, Krakow & Warsaw Fr. Jim Clarke June 17 to July 1, 2007 $3,899 from Los Angeles Prayer & Art in Italy Fr. Thomas A. Kane CSP Br. Mickey McGrath OSFS July 8 to 18, 2007 $2,639 – Land Only Diocesan Events Calendar Submission Policy Announcements from individual parishes and parish organizations will be accepted free of charge for publication in the Diocesan Events Calendar on a space-available basis. Publication is not guaranteed. Recurring announcements and offers to sell items or services should be submitted as paid advertising. Mail submissions to Orange County Catholic, P.O. Box 14195, Orange, CA 92863-1595 or fax to 714-282-3029 (attention Orange County Catholic). Electronic submissions also are acceptable when sent to pmott@rcbo.org. CONTINUING Bible Reading for Busy People—Group meets first Thursday of each month at St. Timothy church, 29102 Crown Valley Parkway, Laguna Niguel, 7 to 8:30 p.m. in the Fireside Room. For more information call 949-249-4096. Catholicism Through the Alphabet—Learn more about the Catholic faith. Group meets fourth Thursday of each month at St. Timothy church, 29102 Crown Valley Parkway, Laguna Niguel, 7 to 8:30 p.m. in the Fireside Room. For more information call 949-249-4096. Koinonia Meeting—Roman Catholic faith group providing spiritual support for lesbian and gay persons, parents and friends. Meets last Monday of each month at St. Joseph Center, classroom 2, 480 S. Batavia St., Orange, 7 to 8:30 p.m. For more information call diocesan ORANGE COUNTY CATHOLIC MISSION STATEMENT To illuminate and animate the journey of faith of the Catholics of the Diocese of Orange through the reporting of timely, useful and instructive local, national and world news, commentary and features in an attractive and accessible manner. To organize your Parish Pilgrimage or Choir Tour Contact Us Today! Orange County Catholic Online You can now subscribe to receive an e-mail each time the Orange County Catholic is updated online. Visit our web page at www.rcbo.org or go directly to http:// www.graphicmail.com/rwcode/subscribe.asp?SiteID=11638& Mode=subscribe to sign up for our OCC e-mail notifications. Catholic Travel Centre (800) 553-5233 For FREE Brochures, call or write 4444 Riverside Dr., Suite 301 Burbank, CA 91505 Sales@GoCatholicTravel.com CST: 2018667-40