Making a Difference

A Gift from Your IRA & Other Timely Options

There’s good news for IRA owners over age 70½ who want to support our work in 2016. The popular gift option known as the IRA Charitable Rollover—a qualified charitable distribution from your IRA—is now a permanent part of the tax code. Donors over age 70½ can satisfy required minimum distribution requirements by arranging for a transfer of funds directly from an IRA to us. Although there is no charitable tax deduction for the gift, there is a very important financial benefit: you pay no tax on the amount transferred (up to $100,000).

Other Gift Options: Timing Matters

There are many ways to give, and many ways to benefit personally from a carefully planned gift. To be eligible for a charitable deduction in the 2016 tax year, the following gifts must be completed by December 31, 2016.

  • Cash or check—complete when delivered to the charity or placed in the U.S. mail for delivery to the charity (checks may not be postdated)
  • Credit card—complete when the credit card company posts the transaction
  • Securities—complete when the donor gives up control (usually, the date a broker transfers the securities to the charity)

Plan Now to Complete a Gift Later

To meet long-term planning goals, it may be best to designate a charitable gift now that will be executed at some time in the future. You can realize philanthropic goals by making a gift in your will or living trust, or by naming us as the beneficiary of a retirement plan or life insurance policy.

Simply contact us—we can work together to explore the many gift options that can help you realize planning and philanthropic goals. As always, thank you for your support.

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