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 #80-0650695), 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 # 80-0650695).
  • The transfer generates neither taxable income nor a tax deduction, so you still benefit even if you do not itemize deductions.
  • Although the CARES ACT waived the RMD (required minimum distribution) for 2020, you may still make a QCD (Qualified Charitable Distribution) up to $100,000.
  • The transfer directly to charity, not to the owner, may be made in addition to any other charitable giving you have planned.

NOTE: CARES ACT waived required RMDs for 2020

MoREINFO

We urge you to contact your financial advisor or us at 615-719-9060 for more details.