IRA Charitable Rollover
An IRA charitable rollover allows individuals 70½ and older to reduce their taxable income by making a gift directly from their IRA.
You may be looking for a way to make a big difference for your church or favorite ministries and help further the Foundation?s mission. If you are 70½ or older you may also be interested in a way to lower the income adn taxes from your IRA withdrawals. An IRA charitable rollover is a way you can help continue our work and benefit this year.
Benefits of an IRA charitable rollover
- Avoid taxes on transfers of up to $111,000 from your IRA to our organization
- Satisfy your required minimum distribution (RMD) for the year
- Reduce your taxable income, even if you do not itemize deductions
- Make a gift that is not subject to the deduction limits on charitable gifts
- Help further the work and mission of your church or chosen ministries
IRA charitable rollover video
How an IRA charitable rollover gift works
- Contact your IRA plan administrator to make a gift from your IRA to the Oklahoma Methodist Foundation.
- Your IRA funds will be directly transferred to the Foundation to help continue the important work of your church or favorite ministry.
- Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
- Let us know if you wish for your gift to be used for a specific purpose.
Contact us
If you have any questions about an IRA charitable rollover gift, please contact us. We would be happy to assist you and answer any questions you might have.
