IRA CHARITABLE ROLLOVER
MAKE A GIFT TO THE DORI SLOSBERG FOUNDATION TAX-FREE
Make a difference today and save on taxes. It’s possible when you support the Dori Slosberg Foundation through your IRA.
A SPECIAL OPPORTUNITY FOR THOSE 70½ YEARS OLD AND OLDER
You can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity such as the Dori Slosberg Foundation without having to pay income taxes on the money. Gifts of any value $100,000 or less are eligible for this benefit and you can feel good knowing that you are making a difference at the Dori Slosberg Foundation. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.
WHY CONSIDER THIS GIFT?
Your gift will be put to use today, allowing you to see the difference your donation is making.
Beginning in the year you turn 72, you can use your gift to satisfy all or part of your required minimum distribution (RMD).
You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
FOR THOSE 59½ YEARS OLD OR OLDER
If you’re at least 59½ years old, you can take a distribution and then make a gift from your IRA without penalty. If you itemize your deductions, you can take a charitable deduction for the amount of your gift.
AT ANY AGE
No matter your age, you can designate the Dori Slosberg Foundation as the beneficiary of all or a percentage of your IRA and it will pass to us tax-free after your lifetime. It’s simple, just requiring that you contact your IRA administrator for a change-of-beneficiary form or download a form from your provider’s website.
Please not: It’s critical to let us know of your gift because many popular retirement plan administrators assume no obligation to notify a charity of your designation. The administrator also will not monitor whether your gift designations are followed. We would love to talk to you about your intentions to ensure that they are followed. We would also like to thank you for your generosity.
Seek the advice of your financial or legal advisor.
Contact Shay Beech at 561-488-7900 or firstname.lastname@example.org to talk about supporting the Dori Slosberg Foundation by setting up an IRA Charitable Rollover.
If you include the Dori Slosberg Foundation in your plans, please use our legal name and federal tax ID.
Legal Name: Dori Slosberg Foundation, Inc.
Address: 221 Commercial Blvd Ste 203, Lauderdale By The Sea, FL. 33308
Federal Tax ID Number: 81-0664148