Give a Gift from your IRA
The IRA charitable rollover is a simple, tax-effective way to support CVI. If you are 70½ or older, you can give up to $100,000* each year directly from your IRA to charities such as CVI. The transfer generates neither taxable income nor a tax deduction, so you still benefit even if you do not itemize your tax deductions. Your IRA charitable rollover gift can satisfy all or part of your required minimum distribution for the year. The transfer may be made in addition to any other charitable giving you have planned. To initiate a gift, instruct your IRA administrator to transfer funds directly to CVI.
Benefits of Giving Through Your IRA:
- Your gift will be put to use today, allowing you to see the difference your donation is making.
- Beginning in the year you turn 73, you can use your gift to satisfy all or part of your required minimum distribution (RMD).
- You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
- Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
To include Center for the Visually Impaired in your plans, please use the following:
Legal name: Center for the Visually Impaired Foundation
Fed Tax ID: 58-1844142
Please let us know of your gift (many retirement providers assume no responsibility for letting nonprofits know of your intentions).
Please contact the development office for more information: Shannon Clark at email@example.com or call 404-602-4276.
This information is not intended as legal or tax advice. Please discuss planned gift options with your financial or tax advisor.
*Beginning in 2024, this amount will be indexed to inflation.