IRA Charitable Rollover
You may be looking for a way to make a big difference to help further the Gospel message near and far. If you are 70½ or older, an IRA charitable rollover is a way you can make an impact for the Kingdom.
Flowchart: Donor directs IRA custodian to make an IRA charitable rollover gift to charity.
Benefits of an IRA charitable rollover
- Avoid taxes on transfers of up to $105,000 from your IRA
- Satisfy your required minimum distribution (RMD) for the year
- Reduce your taxable income, even if you do not itemize deductions
- Make a gift that is not subject to the deduction limits on charitable gifts
- Help further the work and mission of ministries
How an IRA charitable rollover gift works
- Contact your IRA plan administrator to make a gift from your IRA
- Your IRA funds will be directly transferred to the charity
- Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
Contact us
If you have any questions about an IRA charitable rollover gift, please contact us. We would be happy to assist you and answer any questions you might have.
