Gifts of Retirement Plan Assets
The American Taxpayer Relief Act of 2012 extended the popular “IRA Rollover” through the end of 2013.
If you are age 70 1/2 or older and own an IRA (traditional or Roth), you can make a charitable gift, up to $100,000 for each taxpayer, directly from your IRA to the SPLC. It can completely bypass your income for this year, and what’s more, it can count as your required minimum distribution.
Plan now, before you take your RMD, for your 2013 gifts and reduce your taxable estate – and possibly your 2013 income taxes - while keeping SPLC on track monitoring hate groups and defending victims of injustice.
SPLC’s future programs depend on the partnerships we form today.
Important: This provision only applies to gifts from IRA accounts; 401(k) plans or other tax-favored retirement planning vehicles are not eligible. Rollover gifts cannot fund gift annuities or other life income gifts. There is no corresponding charitable tax deduction for rollover gifts because they are not counted in income.
If you have any questions or need additional information, please call the planned giving department toll free at 1-888-414-7752 or contact us online.
If you send an IRA Rollover gift, please request that your IRA Manager include your contact information with your gift and then let us know to watch for the gift.
We recommend consulting with your attorney or tax advisor about the various tax benefits and restrictions that may apply to your specific situation. We are available to you and your advisors to answer questions or help arrange a planned gift to the Center. The Center's future programs depend on the partnerships we form today.