The IRA charitable rollover is a terrific way to make a tax-free gift to the US Sailing Foundation. A donation transferred directly from your IRA to the US Sailing Foundation is not considered federally taxable income for you, but it does count toward your required minimum distribution.
Do I qualify?
If you are 70 ½ years older or older at the time of the gift, yes.
If the gift is sent directly from your IRA to the US Sailing Foundation, yes.
If the gift comes from a traditional IRA or Roth IRA account, yes.
If the gift does not exceed $100,000 ($200,000 for a couple) annually, yes.
It’s easy to set-up. Just send a letter, sample can be downloaded below, to your IRA administrator to make an IRA charitable rollover gift. For more information, please contact us: firstname.lastname@example.org or (401-342-7900)