Planned Giving in Your lifetime through your IRA
Did you know that you can give up to $100,000 from your IRA directly to a qualified charity such as Glen Echo Pottery without having to pay income taxes on the money?
Benefits to you:
How it works:
DOWNLOAD a printable version of our planned giving information.
Did you know that you can give up to $100,000 from your IRA directly to a qualified charity such as Glen Echo Pottery without having to pay income taxes on the money?
Benefits to you:
- A charitable IRA rollover makes it easier to use IRA assets during your lifetime to make charitable gifts.
- You may avoid taxes on transfers up to $100,000 from your IRA to Glen Echo Pottery.
- You can satisfy your required minimum distribution for the year.
- You can reduce your taxable income, even if you do not itemize deductions.
- You can support Glen Echo Pottery’s work of excellent instruction and outreach to surrounding underfunded communities.
How it works:
- Contact your IRA plan administrator to authorize a transfer from your IRA to Glen Echo Pottery.
- Notify Glen Echo Pottery that the transfer has been authorized.
- Your IRA funds will be directly transferred to Glen Echo Pottery.
- Glen Echo Pottery will receive your gift directly from the IRA plan administrator and will notify and thank you for your generous gift.
- Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
DOWNLOAD a printable version of our planned giving information.
