IRA Charitable Distribution

Click here for our sample IRA letter!

 


Use Your Traditional IRA to Make Your Charitable Gifts

It’s a great way to support MFS!  The IRA Charitable Rollover provides you with an excellent opportunity to make a gift from an asset that would be subject to multiple levels of taxation if it remained in your taxable estate.  H.R. 2029, the Protecting Americans from Tax Hikes Act of 2015 permanently extended the IRA Charitable Rollover.

To qualify:

  • You must be age 70½ or older at the time of gift.
  • Transfers must be made directly from a traditional IRA account by your IRA administrator to Moorestown Friends School.
  • Gifts must be outright.

What is the procedure to make an IRA Charitable Rollover gift?  Click here for a sample letter you can send to your plan provider to initiate a rollover.  Act now so that your contribution will take place in the 2016 calendar year.

Questions?  Contact Steve Zakroff, Director of Development at szakroff@mfriends.org or 856-914-4411.

Important: Be sure to check with your financial advisor to determine whether this provision is right for you. This information is not meant as tax or legal advice.