By Jack Freilingsdorf, former Board Member and Fundraising Chair
You can support DignityUSA and reduce your taxes at the same time. Congress has enacted a law letting you do both, legally. If you are 70½ or over (and I know I’m not the only one) and own a traditional IRA you are required to take a mandatory minimum withdrawal each year. The amount varies depending on the size of the account and your age. The withdrawal is taxable by Uncle Sam and, depending on where you live, by your state too. The law now lets you do something special with your IRA to reduce taxes, but you must act before the end of the year.
You can transfer up to $100,000 tax-free directly from your IRA into a qualified non-profit, like DignityUSA. Any gift amount will count against your minimum distribution, so long as it goes directly from the IRA to the charity, reducing your income and taxes. Best of all, an IRA rollover gift is an easy and great way to further our mission.
Contact your broker or IRA administrator to obtain the forms authorizing the transfer. They will do all the work and notify you and DignityUSA when it is completed. You can set it up as a one-time gift or a recurring donation. This opportunity may not last, but your gift will support our mission well into the future.