Make an Impact Today – Make a Tax-Free Gift from Your IRA

 

If you are 70½ years old or older, you can take advantage of a simple way to help support the mission of Sun Health. Individuals can give up to $100,000 from an IRA directly to a qualified charity such as Sun Health Foundation without having to pay income taxes on the distribution.

This provision in the tax law no longer has an expiration date so you are free to make annual gifts to the Foundation this year and well into the future directly from an IRA.

Why Consider This Gift Strategy? 

Your gift will be put to use in your community today, allowing you to see the difference your donation is making.

You pay no income taxes on the distribution. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your tax deductions.

If you have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.

I look forward to working with you to find the options to best meet your philanthropic and financial goals.

Information provided by The Stelter Company  

Sharon Thornton, JD, LL.M,
Exec. VP and Chief Philanthropy Officer

Contact me directly at
623-832-5582 or
sharon.thornton@sunhealth.org to learn more about this tax-smart way to make an impact today.

 

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