Did you know if you are 70½ years old (or older) you can take advantage of a simple way to benefit our elderly neighbors in need and receive tax benefits in return? You can can gift up to $100,000 from your IRA directly to a qualified charity such as VISTE without having to pay income taxes on the money. Your donation amount is excluded from your gross income and counts toward your Required Minimum Distribution.
This law no longer has an expiration date, so you are free to make annual gifts to our non-profit organization this year and well into the future.
Why Consider This Gift?
- – Your gift will be put to use today, allowing you to see the difference your donation is making.
- – 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.
Simply instruct your IRA administrator to make a charitable distribution from your IRA directly to VISTE. Our tax ID# 59-2625297.
Please contact Lisa Marquette, Development Director, with any questions. Email [email protected] or call 863-284-0828.