Smart Giving From Your IRA
A Tax-Saving Way to Help Snowline Hospice
Make a difference today and save on taxes. It is possible when you support Snowline Hospice through your IRA.
A Special Opportunity for Those 70½ Years Old And Older
You can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity such as Snowline Hospice without having to pay income taxes on the money. Gifts of any value of $100,000 or less are eligible for this benefit, and you can feel good knowing that you are making a difference at Snowline Hospice. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.
For Those 59½ Years Old or Older
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.
At Any Age
No matter your age, you can designate Snowline Hospice as the beneficiary of all or a percentage of your IRA, and it will pass to us tax-free after your lifetime. It’s simple, just requiring that you contact your IRA administrator for a change-of-beneficiary form or download a document from your provider’s website.
Tip: It is critical to let us know of your gift because many popular retirement plan administrators assume no obligation to notify a charity of your designation. The administrator also will not monitor whether your gift designations are followed. We would love to talk to you about your intentions to ensure that they are followed. We would also like to thank you for your generosity.