The IRA Charitable Rollover rule enables people age 70½ and older to make qualified charitable distributions (up to $100,000) from IRA accounts. Consulting a financial advisor about your particular circumstances is best.
There are many benefits to IRA charitable distributions, including:
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Avoiding taxes on transfers of up to $100,000 from your IRA to Sea Shepherd Conservation Society.
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Satisfying your required minimum distribution (RMD) for the year
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Reducing your taxable income, even if you do not itemize deductions
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Making a gift that is not subject to the deduction limits on charitable gifts
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Helping to further the work and mission of SSCS
Here’s how an IRA charitable distribution works:
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Contact your IRA administrator as soon as possible so the distribution counts toward your RMD; ask them to make a gift from your IRA to Sea Shepherd Conservation Society
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Your IRA funds will be transferred directly to Sea Shepherd Conservation Society
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Please note that IRA charitable distributions do not qualify for a charitable deduction on your personal tax return
