Are you 70 ½ years or older and interested in giving to your community center? Consider giving through your Individual Retirement Account. You can give up to $100,000 direct to the Center, income tax-free!
- A charitable rollover is not subject to income tax nor a tax deduction. So you will still benefit even if you don’t itemize deductions.
- Your gift will be used today for our highest priority needs.
- This rollover qualifies you for your required annual minimum distribution. But we must receive your qualified charitable distribution by Dec. 31st for your gift to qualify for income tax-free status for the previous year.
If you plan to take advantage of this option talk with your tax advisor as soon as possible. Other questions?