Major and Planned Giving

What you need to know to take advantage of an important IRA provision

The charitable individual retirement account (IRA) rollover provides taxpayers with a mechanism for transferring their annual required minimum distributions (RMDs) directly to charitable organizations to exclude the distributions from their taxable income while simultaneously supporting the charities of their choice. This rollover is an attractive option for taxpayers who don’t want or don’t need the extra taxable income from their RMDs and would like to help needy children.

Wherever you are in your tax planning process, know you’re not alone. The rules around RMDs, charitable IRA rollovers, qualified charitable distributions (QCDs), and planned gifts sound complicated to many people, but rest assured that you’ve come to the right place to find out what they are and how they can benefit you.

Click the link to learn more, and then consult your financial or legal advisor for advice on your tax situation.

Download the IRA sample letter