GIVING THROUGH YOUR INDIVIDUAL RETIREMENT ACCOUNT
Individuals 70½ Years Old and Older…
You can give any amount (up to a maximum of $111,000 for a single person) this year from your IRA directly to a qualified charity such as Many Mansions without having to pay income taxes on the money. Gifts of any value $111,000 or less are eligible for this benefit and you can feel good knowing that you are making a difference. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution (QCD).
If you are at least 59½ years old, you can take a distribution and then make a gift from your IRA without penalty. If you itemize your deductions, you can take a charitable deduction for the amount of your gift.
It’s easy to include Many Mansions in your plans. However, please consult a tax advisor for guidance applicable to your specific situation.
For more information on how you can support Many Mansions, contact Carrie Mullen, Director of Individual Giving at 805-738-5720 or carriem@manymansions.org.
Legal Name: Many Mansions
Tax ID Number:95-3424516
Address:1259 E Thousand Oaks Blvd.
Thousand Oaks, CA 91362-2818
Many Mansions is a nonprofit, 501(C)(3), tax-exempt organization.