Special Tax-Free IRA Gifts

Make a special year-end gift to help the children at Dorie's Promise.

Congress did it again and this time it’s permanent!  You may remember that we mentioned this special giving opportunity last year, but this December Congress passed legislation retroactively extending the charitable IRA rollover for 2015 and makes this provision permanent for future years. For those aged 70½ or older, it is once again possible to make special tax-free charitable gifts from traditional and Roth IRA accounts.

A total of up to $100,000 can be transferred directly from traditional or Roth IRAs to one or more qualified charities free from federal income tax each year. There may also be state income tax savings. Amounts given in this way count toward required IRA minimum withdrawal amounts for the year of the gift.

To make such gifts, it is important to not withdraw funds prior to a gift, but have the gift amount distributed directly from an IRA to one or more qualified charities, like Forever Changed International. For those with check writing privileges on their accounts, this may be the most efficient way to make gifts directly from an IRA.

Please check with your IRA administrator or your tax adviser for more information.

As we look ahead at the next 9 days that remain in the year, will you prayerfully consider taking advantage of this great IRA option and making a gift to help support the children of Dorie’s Promise?

If you have questions or want to make sure your gift is designated properly, please contact Charity Danielson 360-836-7626

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