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Notify us of your IRA charitable rollover
If you check the box in this area, a module will open where you can enter your name and email to notify us of your IRA Rollover gift.
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Thank you for considering an IRA charitable rollover gift to us. The website link will take you to your IRA custodian's website, where you may be able to log in and make a gift to Braille Institute. Another option is to use the phone number to call your IRA custodian. They will assist you in making an IRA charitable rollover gift. If you would like to notify us of your generous IRA charitable rollover, please complete the Notify us of your IRA charitable rollover section. Please note this is a time sensitive transaction. If the IRA charitable rollover is intended to satisfy your required minimum distribution for the current year, verify with your custodian that this transaction will be completed prior to December 31. If the transaction is not completed prior to December 31, you may be subject to penalties if you have not satisfied your required minimum distribution. |
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| Thank you for considering a IRA gift to us. A sample letter is available to send to your DAF provider. You may save and print the PDF of your letter. If you have email contact information for your DAF provider, you may send a PDF copy of your DAF letter or you may copy and paste the text into an email. You will need to enter the amount of your recommended grant and your DAF account number on the letter before mailing. If you would like to notify us of your generous gift, please complete the Notify us of your DAF Gift section. | ||||||
A Gift of Retirement Plan Assets or an IRA Charitable Rollover
You may be looking for a way to make a big difference to help further our mission. If you are 70½ or older, you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover (also referred to as a qualified charitable distribution or QCD) is a way you can help continue our work and benefit this year. If you are like most people, you probably will not use all of your retirement assets, such as your IRA, 401(k), 403(b), pension, or other tax-deferred plan during your lifetime. You can make a gift of your unused retirement assets to create a legacy of support while reducing income taxes and possibly estate taxes for your loved ones.
If you're 70½ or older, you can make a tax advantaged charitable gift of up to $105,000 per year ($210,000 per couple) directly from your IRA to Braille Institute through a Qualified Charitable Distribution. You can use the "Make a Gift From My IRA" tool to contact your IRA custodian and make a Qualified Charitable Distribution. We will acknowledge your generous gifts as a QCD, which may satisfy your required minimum distribution, if applicable.
Benefits of gifts of retirement assets
- Simplify your planning
- Support the causes that you care about
- Continue to use your account as long as you need to
- Heirs can instead receive tax-advantaged assets from the estate
- Receive potential estate tax savings from an estate tax deduction
How to make a gift of retirement assets
To leave your retirement assets to Braille Institute, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate Braille Institute as beneficiary, we will benefit from the full value of your gift because your retirement assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.
Future gifts from your retirement assets
Did you know that 40%-60% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step up in basis, such as real estate and stock, and give the retirement assets to Braille Institute. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets. You can use the "Make a Legacy Gift" tool to contact your retirement plan custodian and designate a future gift to Braille Institute.
Benefits of an IRA charitable rollover
- Avoid taxes on transfers of up to $105,000 from your IRA to our organization
- May satisfy your required minimum distribution (RMD) for the year
- Reduce your taxable income, even if you do not itemize deductions
- Make a gift that is not subject to the deduction limits on charitable gifts
- Help advance the work and mission of Braille Institute
How an IRA charitable rollover gift works
- Contact your IRA plan administrator to make a gift from your IRA to Braille Institute
- Your IRA funds will be directly transferred to our organization to help continue our important work
- Please note that IRA charitable rollover gifts do not qualify for a charitable deduction
- Please contact us if you wish for your gift to be used for a specific purpose
Contact us
If you have any questions about gifts of retirement assets or an IRA charitable rollover gift, please contact us. We would be happy to assist you and answer any questions you might have.
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