July 24, 2019

Use Your Required IRA Withdrawal for Charity (and Skip the Taxes!)

7/24/2019, 9:30 AM - 10:30 AM

Individual Retirement Accounts (IRAs) can qualify for tax-free charitable distributions. Extended tax benefits allow more people to experience the joy of giving during their lifetimes.

At age 70½ the IRS requires you to begin taking withdrawals called “Required Minimum Distributions” from your traditional IRA account. The amounts withdrawn are taxable at ordinary income tax rates. Depending on your tax bracket, that may be a tax-painful event, especially if you don’t need or want the additional income.

If you are at least 70 ½, you can avoid these taxes by transferring some or all of your Required Minimum Distribution amount directly from your IRA to your favorite charities. This is called an IRA Charitable Rollover (or Qualified Charitable Distribution).

Join us at this free seminar to learn more!

  • How to request an IRA Charitable Rollover
  • Which charities qualify to receive an IRA Charitable Rollover
  • Other tax benefits, especially with regard to the new tax laws

Presenters:

Sam Leask, Philanthropic Services Director

Robin Larsen, Donor Services Officer

Join us July 24th to learn more

Register today

Questions? Contact Donor Services Officer Robin Larsen at 831.662.2061