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IRA Charitable Rollover Signed into Law and Made Permanent on 12/18/15
Good news! If you are aged 70½ or older, you again have the opportunity to save on taxes and make a charitable rollover gift from your IRA. On December 18th, legislation was signed into law to retroactively extend the charitable IRA rollover for all of 2015. If you are age 70 ½ or older you can make direct transfers of up to $100,000 from your traditional or Roth IRA to a qualified charity. These transfers are income tax-free and qualify as your minimum required distribution for the year so long as the gift is completed by December 31, 2015. <MORE>
Catholic Charities, Diocese of Cleveland, 2015 Annual Appeal Reaches Goal of $11.3 Million
(December 17, 2015) The Catholic Community Foundation announced today that the Catholic Charities, Diocese of Clevleand, 2015 Annual Appeal has reached its goal of $11.3 million and is on track to exceed this goal by year’s end. Funds raised were pledged by faithful donors across Northeast Ohio to provide services and programs to the region’s most vulnerable people.
The Annual Appeal, for health and human services delivered in the eight counties of the Diocese, supplements other funding sources for Catholic Charities programs and services to the people who are elderly and infirmed, individuals who are hungry and homeless, children and families at risk, and children and adults with disabilities.
Bishop Richard Lennon expressed his appreciation to donors, priests and volunteers. “We are grateful to our faithful donors who are very caring to the poor and marginalized, and who generously share their blessings with others. For over 100 years in the Diocese of Cleveland, Catholic Charities has been the hands and feet of Jesus by reaching out to people who need our help and by upholding the dignity of every individual.”
As one of the largest comprehensive health and human services organizations in the country, Catholic Charities, Diocese of Cleveland delivers more than 150 services at 60 locations to close to 400,000 individuals each year – providing help and hope for people of every race and religion throughout the eight counties in the Diocese of Cleveland (Ashland, Cuyahoga, Geauga, Lake, Lorain, Medina, Summit and Wayne).
Catholic Parishes and Schools, Diocese of Cleveland, Awarded $1.9M in Grants
December 18, 2015 - The Catholic Community Foundation has made a distribution in the amount of $1,934,054 to the Office of Catechetical Formation and Education to provide assistance to a total of 144 parish catechists and Catholic schools in the Diocese of Cleveland. Schools submitted 90 grants and parishes submitted 54 grants to help fund sacramental preparation programs, technology, school curriculum and capital improvements.
The distribution was funded through the generosity of all parishes in the Diocese – pastors, parochial vicars, volunteers and parishioners – through the historic Rooted in Faith – Forward in Hope fundraising campaign, which has distributed nearly $92 million in support of campaign case components that benefit diocesan and parish ministries in the eight counties of the Diocese of Cleveland (Ashland, Cuyahoga, Geauga, Lake, Lorain, Medina, Summit and Wayne).
“This distribution reaffirms the intention of the faithful to support Catholic education and catechetical formation for youth in the Diocese of Clevleand,” says Patrick Grace, Executive Director, Catholic Community Foundation. “We are seeing the fruits of Rooted in Faith – Forward in Hope building forward momentum for the Church in Northeast Ohio, which is benefiting today’s Catholics as well as generations to come.”
Rooted in Faith – Forward in Hope has raised more than $170 million in pledges, surpassing its goal. The Catholic Community Foundation is solely responsible for administering and managing the Rooted in Faith – Forward in Hope campaign on behalf of the Diocese of Cleveland, the 23rd largest diocese in the Unites States. The Foundation operates in union with the Diocese to help strengthen the Northeast Ohio Catholic community.