IRA Charitable Transfer & Stock Contribution Information

Please contact our Development Office for more information and details as to how to make your contribution.

Laura Carter | LCarter@wcdsva.org | 540-635-8555 (ext. 232)


Did you know that you can give up to $100,000 to a charity without tax consequences?

Those who are 70-1⁄2 or older can give away as much as $100,000 a year from their Individual Retirement Accounts (IRA) directly to eligible charities without having to include any of the transfer as part of their gross income (401k plans are not eligible).

The transfer must be made directly from the IRA to the organization, and count toward that person’s required minimum distribution for the year.

For more information, search for “qualified charitable distributions” on the IRS website at www.irs.gov.

 


WCDS is a 501(c)(3) tax exempt nonprofit organization.
Your contribution is tax deductible to the full extent allowed by law.