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IRA CHARITABLE ROLLOVER

IRA CHARITABLE ROLLOVER

If you are 70 1/2 or older and have a traditional Individual Retirement Account (IRA), you can use your required minimum distribution to support BVMI through an IRA Charitable Rollover gift. 

 

NEXT STEPS:

  • Contact your IRA custodian.

  • Ask that your distribution be a charitable rollover to BVMI.

  • Ask them to include your name and address in the transfer.

 

TO QUALIFY:

  • The transfer must go directly from your IRA to BVMI.

  • Your total IRA gift(s) cannot exceed $100,000.

  • Your gift must be outright.  IRA Charitable Rollover gifts to donor-advised funds or life income vehicles such as charitable gift annuities or charitable remainder trusts do not qualify.

 

BENEFITS:

  • Satisfy the RMD rules without paying any taxes on the distribution.

  • Create an immediate impact at BVMI.

  • Make a major gift with minor effort.