Read about our Covid-19 updates here

Gifts through Retirement Plans

Consider the possibilities of a charitable IRA rollover.  People who are age 70½ years or older may transfer up to $100,000 per year directly to a qualified charity (such as the United Methodist Foundation). The transfer is a non-taxable event; it is not reported as income, and there is no charitable deduction for the gift. A charitable IRA rollover may fulfill part or all of your required minimum distribution (RMD).    Your gift can create or add to an existing endowment. At this time, law does not allow a charitable IRA rollover to fund a charitable gift annuity, unitrust, or donor advised fund.

You can also make The Foundation a beneficiary of all or a percentage of your retirement plan.  Since distributions from most retirement accounts to individuals are taxable, consider making charitable gifts from your estate through a retirement plan beneficiary designation.
 

Does it sound like we can help?

Contact us to start