IRA Charitable Gift

 

charitablegiftNearly half your retirement plan assets can be eaten away by taxes at your death. Why not take advantage of the Federal tax law that makes gifts from your retirement plan’s assets easier and simpler — and help HLI spread the Gospel of Life around the world!

The “Protecting Americans from Tax Hikes Act of 2015”, which was signed into law on December 18, 2015, now permanently extends the IRA Charitable Rollover.  Individuals who are 70 ½ or older can transfer up to $100,000 from a traditional IRA or Roth IRA to a qualified charity, like HLI, FREE from any federal income tax.
Making your IRA gift to HLI could not be easier.  Simply distribute directly from an IRA to HLI.  It is important to NOT withdraw the funds prior to your contribution to HLI.

If you are age 70 ½ or older, the legislation allows you to make cash gifts totaling up to $100,000 a year from your traditional or Roth IRA to Human Life International — without incurring income tax on the withdrawal.

How do you get started?

Write a letter to your IRA administrator requesting a distribution to be sent directly to Human Life International.

Why make a gift to HLI from your IRA?

At 70 ½, you must begin receiving the Required Minimum Distributions from your IRA regardless of whether you actually need the income. Contributing your distribution to HLI can cover or count toward your Required Minimum Distribution and help us save babies and fight the culture of death around the globe.

As always, it is advisable to contact your personal tax advisor. If you have any questions, please contact HLI at 540-635-7884, ext. 225.