Gift Of IRA Charitable Rollover
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
- Contact your IRA plan administrator to make a gift from your IRA to “The Society of St. Vincent de Paul of Georgia.”
- Your IRA funds will be directly transferred to St. Vincent de Paul Georgia 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.
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.
We would be happy to assist you!