how to give a gift from your IRA
If you are over 70-1/2, you can withdraw a qualified charitable donation from your IRA to support the fellowship. This means that the amount you donate will not be considered part of your gross income and will not be taxable.
- You are limited to gifts from an IRA, either traditional or ROTH. (Gifts from 401k, 403b, etc. do not qualify)
- You can give any amount up to $100,000.
- You can contact your IRA provider and request a qualified charitable distribution to transfer the funds directly from your IRA to the Fellowship at:
Unitarian Universalist Fellowship of Wayne County
3186 Burbank Road,
Wooster OH 44691
- Please contact Joanna Swartzentruber at fellowship@uufwc.org to let us know about your gift, so that we may thank you.
If you are younger than 70-1/2, you can still donate from your IRA, but you don’t receive the tax benefits.
Again, as with all significant financial decisions, we recommend that you contact your financial planner since tax laws continue to evolve.