Give From Your IRA

Generosity

Berean Gift Legacy Newsletter

How You Can Make Gifts from Your IRA

On January 1, 2013, Congress passed legislation to avert the fiscal cliff. The law includes several important provisions that will allow you to support the causes you believe in using your Individual Retirement Account (IRA). 

Extension of the IRA Charitable Rollover
 
If you are 70½ or older, you can make a gift of up to $100,000 to your church and to the Fellowship from your IRA to meet your annual distribution requirement. By making an IRA charitable rollover gift, you are able to avoid taxes on the IRA distribution while supporting ministries in the Fellowship.

How to Make an IRA Rollover Gift in 2013
 
Contact your IRA custodian to make a gift from your IRA for 2013. The IRS will treat the amount of the cash gift as if you had made a direct rollover to charity and you can then avoid federal tax on the amount of the gift. 

Don’t wait! Contact me today to learn more about how you can convert your taxable IRA distribution and potentially reduce your taxes.

Contact Hal Lentz

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Image credit: Christ Community Church on Vimeo.com

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