IRA Charitable Tax Rollover
If you are 70½ years old or older, you can take advantage of this simple way to support BEDLAM and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity without having to pay income taxes on the money.
Why Consider This Gift?
• Bedlam will be able to put your gift to use today, allowing you to see the difference your donation is making.
• You won’t pay income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
• If you have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.
It is advisable to discuss your plans with your professional advisor to determine the best plan for you.
Please feel free to contact Susannah Millonzi at firstname.lastname@example.org with any questions.