Thank you for partnering with the Siena Retreat Center to renew lives, cultivate a spirituality of wholeness, and be a catalyst for a more just and compassionate world. We are honored by your generosity and committed to the good stewardship of your gift.
Join Us for “Welcome Home: A Spring Benefit Concert!”
Join us on Sunday, April 23rd as our annual Spring Benefit Concert and Silent Auction return to the Racine Dominicans’ chapel! Artist announcements are coming soon, and tickets are now on sale. Doors open at 12:30 for our Silent Auction and the music begins at 2:00 p.m. Register today! Hope to see you there!
We are honored to be a part of your loved one’s legacy and grateful for your support. You can expect an auto-generated email confirming your gift, as well as a formal acknowledgement by mail. We are happy to send a memorial/honorary acknowledgement to the person of your choice if you so choose.
Mary N. (Gallo) Iaquinta (1920-2016) devoted her life to literacy and literature, to her family and community, and to philosophy and the spiritual quest. Siena Retreat Center gratefully accepts donations to the permanent Endowment in her name. The Mary N. (Gallo) Iaquinta Endowed Scholarship Fund provides partial scholarships for those with financial need who are otherwise unable to pay retreat fees. For additional information, please contact Claire Anderson, at (262) 898-2590.
If you are 70½ years old or older, you can take advantage of a simple way to benefit Siena Retreat Center and receive tax benefits in return. You can donate any amount up to $100,000 per year from your IRA directly to a qualified charity without having to pay income taxes on the money. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.
Why Consider This Gift?
Your gift will be put to use today, allowing you to see the difference your donation is making.
You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
If you reached the age of 70½ on or before Dec. 31, 2020, you can use your gift to satisfy all or part of your required minimum distribution for the year. If you turn 70½ on or after Jan. 1, 2020, you can use your gift to satisfy all or part of your required minimum distribution starting at the age of 72. (Note: The RMD requirement has been waived for 2020, per the CARES Act signed into law on March 27, 2020.)
Since the gift does not count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.