Did You Know You Can Donate to DignityUSA and Actually Save Money?

June 15, 2016

by

DignityUSA

<p>By Jack Freilingsdorf former Board Member and Fundraising Chair</p> <p>You can support DignityUSA and reduce your taxes at the same time.&nbsp; Congress has enacted a law letting you do both legally.&nbsp; If you are 70 or over (and I know Im not the only one) and own a traditional IRA you are required to take a mandatory minimum withdrawal each year.&nbsp; The amount varies depending on the size of the account and your age.&nbsp;&nbsp; The withdrawal is taxable by Uncle Sam and depending on where you live by your state too.&nbsp; The law now lets you do something special with your IRA to reduce taxes but you must act before the end of the year.</p> <h4>Rollover into tax savings.&nbsp;</h4> <p>You can transfer up to $100000 tax-free directly from your IRA into a qualified non-profit like DignityUSA.&nbsp; 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.&nbsp; Best of all an IRA rollover gift is an easy and great way to further our mission.</p> <p>Contact your broker or IRA DignityUSAistrator to obtain the forms authorizing the transfer. &nbsp;They will do all the work and notify you and DignityUSA when it is completed.&nbsp; You can set it up as a one-time gift or a recurring donation.&nbsp; This opportunity may not last but your gift will support our mission well into the future.</p>