IRA Charitable Rollover
An IRA charitable rollover, also known as a qualified charitable distribution (QCD), allows individuals 70½ and older to reduce their taxable income by making a gift directly from their IRA.
You may be looking for a way to make a big difference to help further advance the Kingdom. 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 advance the Kingdom and benefit this year.
Benefits of an IRA charitable rollover
- Avoid taxes on transfers of up to $111,000 from your IRA to your church or other ministries
- 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 your church or other ministries
IRA charitable rollover video
How an IRA charitable rollover gift works
- Contact your IRA plan administrator to make a gift from your IRA to your church or other ministries.
- Your IRA funds will be directly transferred to your church or other ministries to help continue its important work.
- Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
Contact us
If you have any questions about an IRA charitable rollover gift, please contact us. We would be happy to assist you and answer any questions you might have.
