IRA Charitable Rollover: Give more for less this year

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.

Benefits include:

  • By using pre-tax assets, your charitable gift costs you less.
  • Your gift is not subject to income taxes.
  • Your gift can be used to meet your annual required minimum distribution, lowering your taxable income for the year.

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.