Other Ways to Give
IRA Charitable Rollover – A Permanent Giving Option
Many donors have found direct transfer of funds from their IRA to be a great way to provide the miracle of sight to those in need, and now it is a permanent option. Here’s how it works:
- You must be 70 ½ or older.
- An individual may transfer up to a total of $100,000 per year and a married couple may give up to $200,000.
- Your gift must be transferred directly from the IRA account to HelpMeSee.
- Your gift is a transfer of funds from your IRA to HelpMeSee, therefore it does not create taxable income for you and is not considered a charitable tax deduction.
- The transfer of funds counts towards your annual Required Minimum Distribution from your IRA.
If you are interested in this popular way to support HelpMeSee, download a sample letter for your IRA administrator here.
A Gift of Property:
You may wish to transfer ownership of your property (real estate, works of art, and so on) and receive a receipt for tax purposes. In addition, gifts of residual interest may be considered in which you may retain the use of the property during your lifetime. Benefits include:
- Immediate tax savings.
- Continued use of your property for life.
- Satisfaction of knowing HelpMeSee will have the benefit of your gift in the future.
- Your gift passes to HelpMeSee outside of the estate process.
Cash: This type of gift is simple and eligible for an immediate charitable tax credit.
Donor Advised Funds: An easy way to give funds you have set aside for charitable causes, you may transfer funds from your Donor Advised Fund directly to HelpMeSee.
If you have any questions, please email Steven Moore at email@example.com. Thank you for your support.