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Charitable IRA Rollover- A Win-Win!

Charitable IRA Rollover- A Win-Win!

A charitable IRA rollover is a gift option that enables donors age 70½ or older to transfer up to $100,000 directly from the donor’s IRA (or IRAs) to a qualified charity each year. The donor does not recognize the transfer as taxable income on his or her tax return. By the same token, this transfer may not be claimed as a charitable income tax deduction.
When you make a gift through a charitable IRA rollover, you can:
• Count the amount of your rollover toward your required minimum distribution (RMD) for
the year.
• Avoid additional taxable income, which may allow you to avoid taxation at a higher tax
• Satisfy multi-year pledges to the Annual Fund or your reunion gift to The Boston Home
• Create or add to a permanent endowment in your name or in memory of a loved one.
For information contact:  Maribeth McKenzie-MacDonald, Director of Philanthropy and Communications, 617-326-4318