Benefits of making charitable contributions via IRA rollovers include:
1. Reduced taxable income
2. Distributions are not included in the taxpayer’s gross income
3. IRA rollovers can be used to satisfy the donor’s annual required minimum distribution
4. Even those who do not itemize their returns receive the benefit
It’s important to note that tax-free gifts from your IRA can not be withdrawn by the donor, but instead must be paid directly by the IRA custodian to one or more qualified charities. Please consult your financial or legal advisor for additional information. For questions, please contact us at: 219-662-7252. If an IRA Charitable Rollover is an option for you, please name the Crown Point Community Foundation as a beneficiary.
Gift Acceptance Policy available by request.