Looking to stretch the value and impact of your charitable dollar? For supporters who qualify, giving from an IRA remains the obvious solution.
If you are at least 70 ½ years old, you can give up to $100,000 from your IRA (or $200,000 for couples) to Grace Christian University and receive significant tax benefits in return.
Why This Strategy Makes Such Good Sense
Any gifts from your IRA…
- allow you to give in a substantial way, making a meaningful difference in the lives of those we serve while supporting the mission that matters most to you.
- reduce your taxable income (whether or not you itemize!), offering tax savings that many other charitable giving strategies simply can’t match. This benefit is especially valuable since the increased standard deduction means fewer people itemize their taxes today.
- can be used to fulfill any charitable pledges you’ve made, helping you honor your commitments while maximizing your tax advantages. Your IRA gift counts toward any pledge you’ve made to Grace Christian University.
- will fulfill all or part of your required minimum distributions, allowing you to satisfy IRS requirements without increasing your adjusted gross income. This can help you avoid higher Medicare premiums, reduce taxes on Social Security benefits, and maintain eligibility for various tax deductions and credits that phase out at higher income levels.
Additional Advantages to Consider
Beyond these core benefits, giving from your IRA offers even more advantages. Your gift transfers directly from your IRA custodian to Grace Christian University, making the process simple and straightforward. There’s no need to write a check or remember to make the gift, you simply instruct your IRA administrator to make the transfer on your behalf.
What’s more, this giving strategy allows you to support Grace Christian University with assets that might otherwise be heavily taxed. Unlike withdrawing funds yourself and then donating them, an IRA charitable rollover gift means the money never becomes taxable income to you at all.
A Time-Tested, Win-Win Solution
It’s a time-tested, win-win, tax-wise giving solution that has helped countless supporters like you make a greater impact while enjoying substantial tax benefits. Year after year, this strategy continues to be one of the most popular and effective ways to support the causes you care about most.
Is This Right for You?
Is giving from your IRA the right solution for you? To learn more about this and other smart and powerful giving options, call Pete Tilden, Chief Development Officer, at (616) 298-0771 or email him at ptilden@gracechristian.edu. Pete is here to answer your questions and help you discover the giving strategy that best fits your unique situation and goals.
