airlife

If you are 70½ or older, you may 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 improve the health of San Antonio and benefit this year.

 

Benefits of an IRA charitable rollover

  • Avoid taxes on transfers of up to $100,000 from your IRA
  • 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 50% deduction limits on charitable gifts

 

**Please note that IRA charitable rollover gifts do not qualify for a charitable deduction

 

If you have questions, need more information, or would like to expedite an IRA charitable rollover, please contact the Foundation Office.

The Foundation accepts gifts of cash, publicly traded securities, IRA charitable rollovers, and real estate. For more information or to make a gift, please contact the Foundation Office.

Command them to do good, to be rich in good deeds, and to be generous and willing to share.

1 Timothy 6:18 (NIV)