An Extraordinary Giving Opportunity for Supporters 70 ½ and Older
What began as a temporary measure has stood the test of time as a smart and powerful giving option for seniors.
In 2006, Congress approved a two-year “IRA Charitable Rollover Option” that allowed certain seniors to give sizeable tax-free qualified charitable distributions (QCD) to their favorite charities. Since then, the law was repeatedly reinstated in two-year increments, until it became permanent in 2015.
As administrations have changed and tax laws have evolved, this truth has remained consistent: giving from an IRA remains the obvious choice for donors who qualify.
If you are at least 70 ½ years old, you can give up to $100,000 from your IRA (or $200,000 for couples) to Guiding Light and receive significant tax benefits in return..
Any gifts from your IRA…
- allow you to give in a substantial way without affecting your cash flow,
- reduce your taxable income (whether or not you itemize!),
- can be used to fulfill any charitable pledges you’ve made, AND
- will fulfill all or part of your required minimum distributions.
It’s a time-tested, win-win, tax-wise giving solution!
Is giving from your IRA the right solution for you? To learn more about this and other smart and powerful giving options, call Starla McDermott at 616-451-0236 x20 or email Starla@GuidingLightWorks.org.
