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PLANNED GIVING

GIVING FROM YOUR IRA

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PLANNED GIVING

OVERVIEW

MINISTRY SERVICES

GIFT & ESTATE DESIGN

GIVING FUNDS

ANNUITIES & TRUSTS

GIFTS OF SECURITIES

GIVING FROM YOUR IRA

GET STARTED

Details

If you’re 70 ½ years of age or older, you can make charitable gifts directly from your Individual Retirement Account (IRA). Gifts can be made in any amount up to $100,000 per person, per year; however, they must be made from a traditional or Roth IRA. Funds from a 403(b), 401(k), or other retirement plans do not qualify, though it may be possible to roll funds from other retirement accounts into an IRA and then make an IRA gift. Keep in mind that in order to give from your IRA, the funds must be in your account by December 31 of the previous year.

Benefits

  • Traditional IRA gifts are not deducted on your federal tax return. Instead, you avoid paying federal income tax on the required distribution because it’s not included as part of your income–great for those who don’t itemize!

  • If you leave the remaining balance of your IRA to ministry after you pass away, the funds won’t be taxed. Otherwise, your estate or those you leave it to will have to pay taxes on the remaining funds.

Getting Started

  • Check with your tax advisor to make sure an IRA gift is a good plan of stewardship and aligns with your charitable goals. You can also speak with one of our experienced gift and estate design consultants to review your stewardship plan at no cost or obligation.

  • When you’re ready to give, contact your IRA administrator to get the process started

  • Make sure your IRA administrator places your name on the check memo line

  • If you have any questions along the way, you can always contact our Customer Care team by phone, email, or by filling out the form below

833.672.4255
service@orchardalliance.org

 

Questions?

Send us your IRA Gift questions

 
 
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