You may be looking for a way to make a big difference to help further youth shooting sports, an IRA contribution could make that difference!
If you are 70½ or older you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is a way you can help continue our work and benefit youth shooting sports forever!
HOW AN IRA CHARITABLE ROLLOVER GIFT WORKS
- Contact your IRA plan administrator to make a gift from your IRA to the MidwayUSA Foundation
- Your IRA funds will be directly transferred to the MidwayUSA Foundation
- IRA charitable rollover gifts do not qualify for a charitable deduction.
- Contact us if you wish for your gift to be used for a specific purpose or endowment
BENEFITS OF AN IRA CHARITABLE ROLLOVER
- Avoid taxes on transfers up to $100,000 from your IRA to qualified charities, including the MidwayUSA Foundation
- May 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
MORE ABOUT AN IRA CHARITABLE ROLLOVER
There are certain limitations with respect to the IRA Charitable Rollover:
- This gift opportunity only applies to certain types of IRAs, typically traditional or Roth.
- Other retirement plans, such as 401(k) and 403(b) accounts cannot be used. However, it may be possible to make a tax-free transfer from such other accounts to an IRA, from which a charitable rollover can then be made.
- Rollover gifts cannot be used to fund a charitable gift annuity or charitable remainder trust (because the do-nor can receive no benefits in exchange for the gift).