Another Kind of Hero: Legacy Builders

We’re so grateful for each membership and donation and very impressed with a unique gift from Carl Helser, Jr. who broke new ground this year by using a portion of his Required Minimum Distributions (RMDs) as a Qualified Charitable Distribution (QCD). His generous donation allowed MLPA to pay Lake Hosts at a higher rate for longer periods of time. As a result, we were able to attract very capable and loyal Lake Hosts! Regarding RMDs and QCDs:  If you are age 73 or older you must, by law, withdraw minimum taxable amounts from your retirement accounts each year. You have the right to make a charitable contribution to any non-profit organization such as MLPA 501(3)(c) if you choose. Amounts that qualify as a QCD are not reported as income or charitable donations on your tax return. Your limit for donations with significant tax advantages: $100,000, but smaller amounts work very well, too. If you are in a position to donate your RMDs as QCDs Mirror Lake is a great option.

We’ve made progress in the areas of membership and finances! This year we sadly lost Bill Tryder and Ron Freeze but made gains to the treasury as family and friends made donations to the MLPA in their names. We appreciate these legacy donations and the honor they bring to Bill and Ron who were great supporters of the lake. This kind of legacy is very valuable and long-lasting. Beyond memorializing, it’s amazing how many of our MLPA members donate far more than what the envelope calls for.