IRA CHARITABLE ROLLOVER

Gifts from your IRA

If you are 70½ or older, you can use your IRA to fulfill your charitable goals. Contact your IRA custodian and make a qualified charitable distribution to EqualityMaine Foundation! We will acknowledge your generous gifts as a qualified charitable distribution, which may satisfy your RMD, if applicable.

What are the benefits of an IRA Charitable Rollover?

-Avoid taxes on transfers of up to $105,000 from your IRA to our organization
-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 further the work and mission of our organization

How does an IRA charitable rollover gift work?

1. Contact your IRA plan administrator to make a gift from your IRA to us.
2. Your IRA funds will be directly transferred to our organization to help continue our important work.

Reminder: IRA charitable rollover gifts do not qualify for a charitable deduction.

Contact us

If you have any questions about an IRA charitable rollover gift, please contact us. We would be happy to assist you and answer any questions you might have.