Act Now! The IRA Charitable Rollover is Back for 2013
Special Opportunity – Make a Tax-Free Gift From Your IRA Today!
If you are presently at least 70½ years of age, your chance to make a tax-free gift from your IRA for 2013 ends December 31st.
IRA’s are among the most heavily taxed income. The larger an IRA grows, the larger the tax bill from force fed required minimum distributions becomes. This tax free transfer opportunity will allow you to direct funds from your IRA on a tax free basis, therefore reducing future tax liability by shrinking this asset.
Take advantage of the time left for you to be eligible to transfer up to $100,000.00 directly from your IRA to a qualified organization such as The Catholic University of America. The transfer generates neither taxable income nor a tax deduction, so you don’t have to itemize to take advantage of this opportunity.
Qualified Charitable Distributions (QCDs) are tax-free distributions (up to $100,000.00) from an IRA and are paid directly to an eligible charity such as CUA. These distributions can count towards meeting the Minimum Required Distribution (MRD) for the year.
You must notify your IRA administrator that you intend this transfer to be part of the Qualified Charitable Distribution plan. They will be able to instruct you on how you can easily make your IRA Rollover transfer. This is usually done:
For additional information or instruction on how to make a wire transfer to The Catholic University of America, please contact Isabel de la Puente of the gift planning office at 202-319-6914 or at firstname.lastname@example.org.