If you are 70½ or older, you can use your individual retirement account (IRA) to help families thrive and students succeed in central Ohio. Making an IRA charitable rollover gift to United Way of Central Ohio will lower the income and taxes from your IRA required minimum distributions. IRA Charitable Rollover benefits:
- Avoid taxes on transfers of up to $100,000 from your IRA to support United Way.
- Satisfy some or all of your required minimum distribution for the year.
- Reduce your taxable income, even if you do not itemize deductions.
- Make a gift that is not subject to the deduction limits on charitable gifts.
- Use your rollover to make payments on an existing pledge to United Way.
Want to learn how you can create your legacy by making an IRA charitable rollover gift this year? Please contact Mary Birchard at mary.birchard@uwcentralohio.org or 614.227.2708.