What are the advantages of giving from my IRA?

Q: What are the advantages of giving from my IRA?

A: If you are 70 ½ or older, you can make a gift from your IRA to charity and receive significant benefits in return! Benefits of giving from your IRA include:

• Convenience. It’s an easy way to give to your church or other favorite ministries without affecting cash flow.
• Tax-wise. Distributions made directly to charity reduce your taxable income. This benefits you even if you don’t itemize deductions on your tax returns!
• Promises kept. Gifts from your IRA can be used to fulfill any charitable giving pledges previously made.
• Multiplied Impact. Gifts made from your retirement assets are tax-free to charity. The entirety of your gift will go toward your favorite causes!

Could giving from your IRA be the right solution for you? Learn more by emailing planning@BarnabasFoundation.org or call 888.448.3040.

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This content is written as part of Generosity Today (2024, Issue 2).