Make a Gift Tax-Free with an IRA
If you are 701/2 years old or older, you can take advantage of a simple way to benefit St. Andrew's Charitable Foundation and receive tax benefits in return. You can give up to $100,000 per calendar year, from your IRA directly to a qualified chairty such as ours without having to pay income taxes on the money.
Why Consider This Gift?
- You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
- If you have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.
- Your gift will be put to use today, caring for seniors-in-need.