October 13, 2019
You’ve worked hard, saved diligently and are ready to enjoy your retirement years. Maybe you’re also looking for a way to give back to the organizations and causes that have been important to you. Consider making a gift from your IRA.
If you’re 70½ or older, you can use the IRA charitable rollover to make a tax-free gift to our organization. This law allows you to transfer any amount up to $100,000 directly to a qualified charitable organization without paying income tax on the distribution.
When you use the IRA charitable rollover to make a gift to our organization:
The information is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in 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.
For more information about your Catholic estate planning, contact Major Gifts Officer Sofía Larkin at 915-872-8412 or firstname.lastname@example.org.
Photo Credit: Patrick Craig