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?