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  • Beginning this year, these specific changes might also benefit your legacy giving:

 

  • Charitable gift annuity (CGA) rates have increased.  A CGA is a gift made to New Hope Ministries today. In exchange for that gift, and based on your age at the time of the gift, New Hope pays a lifetime of fixed income payments to you. And the rates just went up!

 

  • Secure 2.0 Act offers a special one-time qualified charitable distribution (QCD) to a CGA. Beginning in 2023, people who are age 70 1/2 and older may elect (as part of their QCD) a one-time gift up to $50,000, adjusted annually for inflation, to a CGA. This amount counts toward the annual required minimum distribution (RMD), if applicable.
  • And there are more charitable ways to make an impact:

Charitable Gift Annuity (CGA)

Remembering
New Hope in your will

Donor Advised Fund

Appreciated Assets

Required Minimum
Distribution (RMD)

Other ways to make
an impact

For more information about remembering New Hope Ministries during and beyond your lifetime, please contact:

Molly Helmstetter, Director of Development, 717-432-2087 ext. 203

Joel Giovannetti, Northern Tier Gift Officer, 717-432-2087 ext. 204

Gene Hagenberger, Southern Tier Gift Officer, 717-432-2087 ext. 206

Chris Brotherston, Volunteer Coordinator, 717-432-2087 ext.205

Please note: This information is prepared for the information of friends and donors of New Hope Ministries. Its purpose is to offer helpful tax and financial planning information. Donors should consult with their professional advisor as to the applicability of any ideas to their own situation.

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