How To Give

Gift Of IRA Charitable Rollover

An IRA charitable rollover is a great way to make a big difference to help further St. Vincent de Paul Georgia’s mission, help continue our work and benefit this year.

If you are 70½ or older, you can transfer up to $100,000 annually directly from your IRA to St. Vincent de Paul of Georgia without paying income taxes on the distribution.

HOW AN IRA CHARITABLE ROLLOVER GIFT WORKS

  1. Contact your IRA plan administrator to make a gift from your IRA to “The Society of St. Vincent de Paul of Georgia.”
  2. Your IRA funds will be directly transferred to St. Vincent de Paul Georgia to help continue our important work.
  3. Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
  4. Please contact us if you wish for your gift to be used for a specific purpose.

BENEFITS OF AN IRA CHARITABLE ROLLOVER

  • Avoid taxes on transfers up to $100,000 from your IRA to St. Vincent de Paul Georgia.
  • 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 St. Vincent de Paul Georgia.

MORE ABOUT AN IRA CHARITABLE ROLLOVER

There are certain limitations with respect to the IRA Charitable Rollover:

  • This gift opportunity only applies to certain types of IRAs, typically traditional or Roth.
  • Other retirement plans, such as 401(k) and 403(b) accounts cannot be used. However, it may be possible to make a tax-free transfer from such other accounts to an IRA, from which a charitable rollover can then be made.
  • Rollover gifts cannot be used to fund a charitable gift annuity or charitable remainder trust (because the donor can receive no benefits in exchange for the gift).
  • If considering this gift type, it is important to consult with your professional advisors to ensure your transfer qualifies.

Contact Us

For questions about IRA charitable rollovers or to make a donation, please contact us at gifts@svdpgeorgia.org.
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