Make the Gift of a Lifetime

Are you interested in making a gift that will have significant impact on helping pets in Central Florida? There is an excellent opportunity if you are a donor in your 70s who want to make a gift during your lifetime from an asset that would be subject to multiple levels of taxation if it remained in your taxable estate. It possible to give individual retirement account (IRA) assets to charity, free from federal tax, annually.

This means donors can give far more with less! This may be an attractive giving option for you if you are:

Over 70½ and now receiving minimum IRA distributions—but do not need the extra income.
Interested in making a significant lifetime gift to impact pets in your community.

The Pension Protection Act of 2006 permitted individuals to roll over up to $100,000 from an IRA directly to a qualifying charity without being taxed. In 2015, Congress passed the PATH Act, making permanent this unique charitable giving opportunity. Single and married individuals 70½ and older are eligible to give in this way from their individual retirement accounts.

Using IRA assets to make a gift during your lifetime, as opposed to giving via bequest in your will, enables you to experience the joy of making a major gift.

For more information on the Charitable IRA opportunity, please contact Cathy Rodgers at (407) 418-0904 or [email protected]