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The tax deadline just passed, and savings might be top of mind. Today, I am excited to share an opportunity to support missions and ministries close to your heart while mindfully stewarding your finances.
If you are 70.5 or older, you can make a tax-free gift directly from your IRA account. This kind of donation sustains the ministry efforts of NAUMF and may also help you reduce your future tax burden.
Here’s how giving from your IRA works:
IRA gifts are generally tax-free, regardless of whether or not the donor itemizes on their tax return.
This kind of giving is one of the only ways to donate without dipping into your cash reserves!
Because of recent legislation, donors 73 and older (or donors who have taken a Required Minimum Distribution (RMD) in the past) are subject to RMDs. IRA gifts can satisfy this amount!
Give from my IRA
The IRA-giving platform linked above can help you fill out the necessary paperwork to give from your IRA in 10 minutes. It’s secure, easy to use, and does not require you to input any sensitive information online.
Thank you for your consideration and generosity. Together, we can use our gifts, abilities, and resources to honor God and increase ministry efforts throughout our region.
P.S. Feel free to forward this message and share this tool with your financial advisor if you have one. You can combine FreeWill’s tools with outside consultation should you have additional questions about IRA giving.