IRA Donation

Posted by Bob Ruehl on Sep 27, 2023
Become a Rotary major donor with your IRA.

For the first time, IRA owners age 70½ can now make a tax-free distribution (up to $50,000) direct from an IRA to a charitable gift annuity with Rotary. The gift is not taxable income, counts towards satisfying RMD, and opens up a smart new way to make a major gift.  This really is the gift that pays you back.All the details are included below, as well as my contact information.  I look forward to discussing how you can make the most of your IRA and increase your Rotary major status today!

 

    YOU

  • Have reached your 70½th birthday 
  • Click here to ask for a sample of the possible benefits of lifetime payments  
  • Let us know the programs at Rotary that you want to support through the Endowment, like supporting your district through SHARE 
  • Use your IRA administrator’s form or your IRA checkbook to make a Qualified Charitable Distribution of between $10,000 and $50,000 to The Rotary Foundation 
  • Send or have it sent to a special address* at Rotary headquarters for proper processing

   ROTARY

  • Prepares the final CGA paperwork for your review and signature 
  • Presents you with your new or increased Major Donor recognition pieces 
  • Makes timely payments directly into your bank account for the remainder of your and your spouse's lifetimes 
  • Secures and honors your legacy through the Endowment by using your gift on the programs you know and love

 

 

Call or email me to start a conversation about how you can use between $10,000 to $50,000 of your IRA without any federal tax on the transfer, secure your financial future, AND provide major support for your favorite activities of The Rotary Foundation.Rebecca TanakaPlanned Giving OfficerTel 1.847.866.3100rebecca.tanaka@rotary.org

 

Note:  The charitable gift annuity is offered to US taxpayers with the exception of Alabama and Hawaii.  This notice is not intended to serve as tax or financial advice.  As always, please consult your qualified tax/financial advisor for guidance.  The address for mailing the IRA distribution is different depending upon if you are making a QCD, funding a Charitable Gift annuity, or reporting that Rotary has been named as the beneficiary.  Please work with a staff member to get the right address!

 

 

One Rotary Center1560 Sherman AvenueEVANSTON, ILLINOIS 60201-3698 USAROTARY.ORG