New Tax Incentive for Making a lasting Gift To Blue Ridge Discovery Center
The U.S. Congress has made permanent the IRA Charitable Rollover provision of the American Tax Payer Relief Act of 2012, retroactive to December 31, 2014. Anyone 70½ or older, can now make tax-free distributions each year to qualified public charitable organizations, such as Blue Ridge Discovery Center.
If you, a family member or friend have been pondering a planned gift to support our mission to Explore, Discover and Share the Blue Ridge Mountains, here are some things to know:
1. You may donate as much as $100,000 of IRA account assets each year.
2. You must make the donation directly to the organization from your IRA custodian.
3. Your tax-free donation will be part of your IRA’s required annual payout.
4. Your distribution from an IRA or Roth IRA will not count as income.
We encourage you to check with your tax attorney, accountant, consultant, or other tax professional for additional details.
Please contact us to discuss a possible donation to Blue Ridge Discovery Center at: (276) 579-2464 or email@example.com