If you are 70 1/2 or older, you can receive a tax benefit from donating through an IRA Charitable Rollover.
Donate any amount up to $100,000 per year and it will count toward your required minimum distribution. It will not be treated as taxable income to you, thus avoiding capital gains taxes that would normally be due upon sale.
Making a gift through an IRA charitable rollover:
- Satisfies your required minimum distribution (RMD) for the year
- Reduces your taxable income, even if you do not itemize deductions
- And best of all — it helps Meals on Wheels Diablo Region keep seniors from going hungry, being isolated, and living safely in their homes with dignity.
Your gift must come directly from your IRA either Roth or traditional. Contact your tax consultant or IRA Plan Administrator for more information and to make your IRA Charitable Rollover gift today!
For questions, please contact Shanti Peterson at speterson@mowdr.org or 925.937.8315.