IRA Charitable Rollovers

Gifts of stocks or securities are another form of planned giving to consider. Check with your financial planner or tax advisor about donating stocks or securities to RESULTS or RESULTS Educational Fund*. You may be able to make a gift to charity with a distribution from your Individual Retirement Account (IRA). Many Americans over the age of 70½ can distribute up to $100,000 in a calendar year from an IRA to charities like RESULTS Educational Fund tax-free.

This distribution to charity can be a significant benefit for those with IRAs

When making an IRA distribution payable directly to the non-profit of your choice, it has been possible to benefit the charity without first paying income taxes on the distribution. Distributing any amount up to $100,000 directly to charity can relieve you of your required minimum distribution in that calendar year up to the amount of your charitable IRA distribution.

If you think you might be eligible to make qualified charitable distribution through your IRA, please contact your IRA custodian or financial advisor for details. To request sample language that you can provide to your IRA custodian requesting a distribution to RESULTS Educational Fund, please contact our development office at [email protected]. We look forward to talking with you about the impact you can have with your giving.

*RESULTS Educational Fund (REF) is a 501(c)(3) tax-exempt organization (Federal Tax ID #95-3747267), and donations are tax-deductible or excluded from taxable income to the extent allowed by law. Certain restrictions may apply when making this type of gift. REF is not a legal or tax advisor. Please consult your tax advisor to discuss your particular situation, including any impact of your state’s tax laws.

Steve Arnold and Veda Stanfield, RESULTS supporters in Bloomington, Indiana donate through their IRA.

“When the tax cuts were enacted early in the current administration, my tax preparer told me I could contribute to non-profits [by making a Qualified Charitable Distribution] from my IRA as a way to reduce my tax burden. I arranged to contribute from my [IRA] to the four organizations I gave the most money to on a yearly basis. The process of getting the necessary information for the person who handles my investments required a few phone calls, but that was more than worth it given the tax savings. And as a result of those savings, I was able to increase the amount I gave to each organization. We contribute because I have never seen a non-profit that could improve and save so many people’s lives with more efficient use of funding than RESULTS.”

Veda and Stanfield


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