Charitable IRA Rollover Will Save you Taxes so You Will Have More to Give.
Make a charitable IRA gift this year! If you are 70½ or older and own a traditional IRA, please consider making an IRA charitable rollover gift this year. You can make a gift of up to $100,000 from your IRA to charity this year. Act before December 31. A gift to the Community Endowment at the Community Foundation of Western Nevada will: * not be included in your taxable income. * satisfy your required minimum distribution (RMD) for the year. * reduce your taxable income, even if you do not itemize deductions. * not be subject to the 50% limitation on charitable gifts. * help our community when needed. An IRA charitable rollover is a very simple gift to make. Please contact us or your IRA administrator for assistance in completing an IRA charitable rollover gift.