IRA Rollover Gifts
Many retirees live on a fixed income, but that does not mean you cannot bless others and make a lasting impact through generosity. A Qualified Charitable Distribution (sometimes called a charitable IRA rollover) can be a meaningful tax-wise giving option for donors age 70½ and older who want to support the work of Neighborhood Ministries through a direct gift from their IRA. When you make a direct transfer from your IRA to a qualified charity, your gift may:
Remains Outside Of Your Adjusted Gross Income
Counts Toward Your Required Minimum Distribution For The Year
Serves As An Intuitive Option For Those Taking An Increased Standard Deduction
Is Tax-Free
May Not Be Subject To The Charitable Gift Deduction Limits
Will Impact Lives For Generations To Come
Please contact your financial advisor, tax professional, or IRA plan administrator to help facilitate a Qualified Charitable Distribution to Neighborhood Ministries. For assistance or for more information, please contact Jeremy Wood at 480-229-5387 or Finance at finance@nmphx.com. We will be happy to guide you through the process step-by-step.