Donate with your IRA
Have You Heard???
The IRA Charitable Rollover Law allows you to make a Qualified Charitable Distribution (QCD) from your IRA up to $100,000 to Springboard Landings (a qualified public charity - Fed. ID #80-0650685), WITHOUT HAVING TO PAY TAXES ON THE MONEY!!
If you are 70 1/2 or older, you can give any amount up to $100,000 from your IRA to Springboard Landings (Fed. ID # 80-0650685).
The transfer generates neither taxable income nor a tax deduction, so you still benefit even if you do not itemize deductions.
If you have not taken your required minimum distribution for the year your IRA can satisfy all or part of that requirement.
The transfer directly to charity, not to the owner, may be made in addition to any other charitable giving you have planned.