If you are 70 ½ or older, you are required to take annual withdrawals from your IRA. To manage this increase in taxes and income, you might be interested in an IRA charitable rollover. A rollover allows you to support Sarah’s Circle while making your Required Minimum Distribution (RMD).
How does it work?
- Contact your IRA plan administrator to make a gift from your IRA.
- Your IRA funds will be directly transferred to Sarah’s Circle.
- Since the donation is sent directly from your IRA, it is not taxed as income.
- Please contact Director of External Resources Kathleen Molnar at kmolnar@sarahs-circle.org if you have any questions or need more information!
