IRA Rollovers
If you are 70 1/2 or older, you are eligible to take advantage of this giving method, which has the added benefit of reducing the taxable income.
Benefits of giving via IRA rollover:
- Give up to $100,000 from your IRA tax-free
- This gift satisfies your Required Minimum Distribution (RMD) for the year, in most cases
- IRA rollovers are not subject to deduction limits on charitable giving
- Reduces your taxable income, regardless of whether or not you itemize deductions
How to give via IRA rollover
- Call or email your IRA plan administrator and notify them that you’d like to make a gift from your IRA.
- Your administrator will take care of having the funds sent to the American Brain Foundation.
- Notify the American Brain Foundation that you have decided to make this gift. Then we will confirm with you when it has been received.
