You may be looking for a way to make a big difference to help further our mission. If you are 70½ or older, you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is a way you can help continue our work and benefit this year.
Benefits of an IRA charitable rollover
- Avoid taxes on transfers of up to $108,000 from your IRA to our organization
- May satisfy your required minimum distribution (RMD) for the year
- Reduce your taxable income, even if you do not itemize deductions
- Make a gift that is not subject to the deduction limits on charitable gifts
- Help further the work and mission of our organization
How an IRA charitable rollover gift works
- Contact your IRA plan administrator to make a gift from your IRA to us
- Your IRA funds will be directly transferred to our organization to help continue our important work
- Please note that IRA charitable rollover gifts do not qualify for a charitable deduction
- Please contact us if you wish for your gift to be used for a specific purpose
- Gifts from your IRA If you are 70½ or older, you can use your IRA to fulfill your charitable goals.
- You can use the “Make a Gift From My IRA” tool to contact your IRA custodian and make a qualified charitable distribution.
- We will acknowledge your generous gifts as a qualified charitable distribution, which may satisfy your RMD, if applicable.
Contact us
If you have any questions about an IRA charitable rollover gift, please contact Genene Kaye, 212-477-5465 or genenek@amitchildren.org. We would be happy to assist you and answer any questions you might have.