Make a Gift From My IRA
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Thank you for considering an IRA charitable rollover gift to us. The website link will take you to your IRA custodian's website, where you may be able to log in and make a gift to The Salvation Army Indiana Division. Another option is to use the phone number to call your IRA custodian. They will assist you in making an IRA charitable rollover gift. If you would like to notify us of your generous IRA charitable rollover, please complete the Notify us of your IRA charitable rollover section. Please note this is a time sensitive transaction. If the IRA charitable rollover is intended to satisfy your required minimum distribution for the current year, verify with your custodian that this transaction will be completed prior to December 31. If the transaction is not completed prior to December 31, you may be subject to penalties if you have not satisfied your required minimum distribution. |
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| Thank you for considering a IRA gift to us. A sample letter is available to send to your DAF provider. You may save and print the PDF of your letter. If you have email contact information for your DAF provider, you may send a PDF copy of your DAF letter or you may copy and paste the text into an email. You will need to enter the amount of your recommended grant and your DAF account number on the letter before mailing. If you would like to notify us of your generous gift, please complete the Notify us of your DAF Gift section. | ||||||
Charitable IRA Distribution
You may be looking for a way to make a big difference to help further our mission. If you are 70½ or older, you may be familiar with the tax benefits of IRA Distribution gifts.
Also known as QCD gift or IRA rollover gift
Generally, retirement plan owners over age 73 must take a required minimum distribution (RMD) each year from an IRA or other qualified retirement plan.
Charitable distributions for donors over 70½ continue to be allowed and have the benefit of avoiding taxes on the charitable transfers as well as possibly lowering future year RMDs.
The economic climate and related charitable tax laws are shifting quickly in response to the COVID-19 pandemic. For the latest information, please contact us.
Benefits of an IRA charitable rollover
- Avoid taxes on charitable transfers of up to $105,000 from your IRA
- Satisfy your required minimum distribution (RMD) 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
- Help further the work and mission of our organization
How a charitable IRA distribution gift works
- Notify your IRA custodian to make a direct transfer of the distribution amount from the IRA to
The Salvation Army Indiana
Gift and Estate Planning Department
6060 Castleway West Dr.
Indianapolis, IN 46250
- Your IRA funds will be directly transferred to The Salvation Army to help continue our important work in your community.
- Please notify us directly of the expected gift at the above address. Note if your gift is to be used for a specific purpose.
- Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
NEW IRA TO CGA ROLLOVER OPPORTUNITY!
Have you heard about the new Secure Act 2.0? The bill allows IRA holders who are at least 70½ years old to transfer up to $53,000 tax-free to a charitable gift annuity (CGA). The annuity would provide you guaranteed fixed annual income of at least 5% for the remainder of your life. Depending on your age, your rate could be as high as 9.7%! Visit our new IRA to Gift Annuity Rollover page or contact us to learn more.
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