Share our Mission by Stepping Forward in Faith with Us
Every day, we are blessed by the generosity of our families, friends and benefactors whose gifts help support us and our ministries while enabling them to share in our ministries. Every gift makes a difference to us. Your gift makes a difference to us. We invite you to consider a donation to us, the Benedictine Sisters of the Annunciation, BMV. We are an IRS approved 501(c)(3) organization and your contribution is tax deductible as defined by law.
Your supportive gift enables us to move forward in our efforts including vocation ministry, continuing formation and education of our sisters, offering programs and retreats through our hospitality center, and other sponsored ministries.
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Cash or Check:
Please make checks payable to: Annunciation Monastery, 7520 University Dr., Bismarck, ND, 58504). All gifts are tax-deductible as allowed by law and promptly acknowledged.
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We now offer an electronic option for giving. Easy and simple for you, electronic giving allows your weekly or monthly contributions to be transferred electronically from your checking or savings account or your credit card directly to Annunciation Monastery.
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Wills & Bequests:
Please remember us when making or revising your will. Our legal name is, “Benedictine Sisters of the Annunciation, B.M.V.”
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Life Insurance Policies
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Gifts in Honor or in Memory of a Loved One:
A gift to the Sisters is a wonderful way to honor a loved one or to memorialize a loved one as a celebration of their life.
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Individual Retirement Accounts
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Charitable IRA Rollover for 2015
IRA charitable rollover for 2015 and beyond!
If you are age 70 ½ or older, legislation allows you to make charitable contributions of up to $100,000 a year from your qualifying IRA directly to qualified charities without incurring income tax on the money. This is good news if you want to make a charitable gift during your lifetime from your retirement assets, but have been discouraged from doing so because of the income tax penalty.
The new law does not have an expiration date. It is retroactive to Jan. 1, 2015, and will be in effect for the remainder of 2015 and beyond.
This legislation enables individuals age 70 1/2 or older to move up to $100,000 from their IRAs directly to qualified charities without having to pay income tax on the distribution.
Here is a recap of the IRA charitable rollover rules. Donors can make a direct transfer if:
1. The donor is age 701/2 or older on the day of the gift.
2. Donors may transfer up to $100,000 directly from the donor's IRA to one or more qualified charities. This opportunity applies only to IRAs and not to other types of retirement plans.
3. Donors pay no income tax on the gift. The transfer generates neither taxable income nor a tax deduction, so donors benefit even if they do not itemize their tax deductions.
4. The gift can satisfy all or part of the required minimum distribution for the year.
5. The gift may not be used to fund a gift annuity, charitable remainder trust, donor advised fund or private foundation.
6. Donors do not receive any goods or services in return for the rollover gift in order to qualify for tax-free treatment.
7. Donors can make a gift of up to $100,000 directly from an IRA in 2015; the gift will qualify under the new law.
8. The new legislation does not have an expiration date. Donors can make gifts in 2015 and beyond.
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Charitable Remainder Trusts
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Charitable Lead Trusts
NOTE: As with any estate planning decision, consult your legal, financial and tax advisors for advice and information on applicable state and federal laws.
If you would like more information about making a gift, please contact Jill Ackerman, Director of Mission Advancement, at (701)355-8907 or jill@annunciationmonastery.org.
As we gather together in prayer three times each day, we give thanks to our God and for you.