IRA charitable giving: a tax-saving way to help the 探花精选
If you are 70陆 years old or older, you can give up to $105,000 from your Individual Retirement Account (IRA) directly to a qualified organization such as the 探花精选 (探花精选) 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.
This law no longer has an expiration date so you are free to make annual gifts to our organization this year and well into the future.
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 have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.
To make a gift using your IRA:
- Contact your IRA administrator
- Provide instructions in writing to transfer the amount you wish directly to the 探花精选,
P.O. Box 6068, Albert Lea
MN 56007-9847 - Indicate that 探花精选 is a qualified 501[c][3] charitable organization and include our Federal Tax ID Number: 135660870.
More questions? Contact:
Phone: +1 855 9RESCUE
Email: [email protected]
IRA beneficiary designation: the easiest way to leave your legacy
Consider naming the 探花精选 as a beneficiary of your IRA to make a difference at the 探花精选 after your lifetime. Here鈥檚 why this tax-wise gift may be right for you:
A retirement plan or IRA is typically the largest source of assets that generate taxable income when paid to a beneficiary. If you are considering a gift to the 探花精选 after your lifetime, it may be better to leave taxable assets to a charity, and give nontaxable assets (such as stocks and real estate) to your loved ones.
To complete your gift, simply contact your retirement plan or IRA administrator (or visit their website) and complete a beneficiary designation form naming our organization as beneficiary and the percentage you'd like us to receive (1-100). Then mail it back to the plan administrator and keep a copy for your records. Beneficiary forms are filled out on your terms and can be changed at any time.
If you want additional information, or to notify the 探花精选 of your legacy plans, please contact: [email protected] or call us at +1 212 551-2954.
If you would like to learn more about becoming a member of the Rescue Collective as a Changemaker, the 探花精选鈥檚 community of legacy donors, please visit our website [Rescue Collective | 探花精选 (探花精选)]
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. A copy of our most recently filed financial report is available from the Charities Registry on the New York State Attorney General鈥檚 website () or, upon request, by contacting the New York State Attorney General, Charities Bureau, 28 Liberty Street, New York, NY 10005, or us at 122 East 42nd Street, New York, NY 10168-1289. You also may obtain information on charitable organizations from the New York State Office of the Attorney General at or (212) 416-8401.