An IRA Charitable Rollover provides owners of IRAs with a unique giving opportunity to support The Foundation for Marshall Medical Centers without being subject to federal income tax on the distribution from a traditional IRA.
This is particularly beneficial for those with a passion for charitable giving who need to take their required minimum distribution, but do not necessarily need the income. How does it work? IRA owners 70½ and older can transfer up to $100,000 of IRA assets to public charities without being subject to federal income tax on the distribution.
To make a gift to the Foundation for Marshall Medical Centers using the IRA Charitable Rollover, talk to your financial adviser or give us a call at (256) 571-8026.