IRA Charitable Rollover
You have worked hard all your life and saved for the future. With your savings and investments, your retirement account may generate some major, unwanted taxes in your later years. You can fulfill your desire to substantially impact the mission of Boys & Girls Clubs of Central Florida and save on income taxes by using your IRA account.
Since 2015, individuals that are 70 ½ year of age and older, you can use your IRA account to contribute life-changing funds for our Club members. Current laws require you to take a Required Minimum Distribution (RMD) starting at 72 years of age from your IRA account and that percentage increases each year afterward. As an option for your current or possible giving, you can contribute any sum up to $100,000 a year to charitable organizations including Boys & Girls Clubs of Central Florida and avoid unwanted income taxes generated by a normal IRA withdrawal!
Learn more about how this simple process can work and save you on unwanted taxes!
Click on the links below for more details:
Please note: The IRA Charitable Rollover provision does not apply to 401k, 403b and Roth IRA retirement assets. Consult your financial advisor for more information.
Using your Retirement Accounts to make Transformational Gifts
You can easily include Boys & Girls Clubs of Central Florida as a primary or secondary beneficiary of your IRA, 401K, 403b or Roth IRA accounts by alerting your plan administrator and completing the necessary form or paperwork.
You may consider donating a percentage or the full amount of your retirement accounts depending upon your estate and family’s needs once you are gone.
Boys & Girls Clubs of Central Florida does not provide tax, legal or financial advice. These materials have been prepared for informational purposes only, and are not intended to provide, and should not be relied on for tax, legal or financial advice. You should consult your own tax, legal and financial advisors before engaging in any transaction.
Stocks (Securities)
Donor Advised Funds
Charitable Gift Annuity
Real Estate
Bequests
Life Insurance
Retirement Funds
Gifts that Pay You Income
Ways to Give Smarter
Good vs. Bad Assets
Request our Free Estate Planning Guide
Because our organization believes so strongly in the importance of you having a Will that honors your wishes and protect your family, we have a FREE Estate Planning Guide that we will send you. The guide is a thorough step-by-step review of things to consider when creating your estate plan. It will save you valuable time and resources by helping prepare important documents and information before meeting with your professional advisors.
Simply send your email or physical mailing address to Sarah Johnston at sjohnston@bgccf.org and request your copy.
Contact Us
For any questions, details and more information about Planned Giving, please contact Sarah Johnston, Chief Development Officer, at sjohnston bgccf.org or 407-841-6855.
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