Donor Stories

Tom is a retired CPA. With good investments, his IRA has grown to become over 80% of his total estate. Tom is looking for a way to rebalance his estate. He wants to make a major gift to charity, but needs to protect his home and personal savings. So Tom decided to begin making gifts of $100,000 annually from his IRA to his favorite charity.

Tom: Like many business professionals, my IRA has become the largest part of my estate. My estate planning attorney said that I need to do some "asset balancing" to avoid future tax problems.

Tom has been involved in many charitable causes and has thought about making a gift to the charity. Tom met with the gift planner to discuss his estate planning and charitable goals.

The gift planner said that Tom could achieve his tax objectives by making annual charitable gifts from his IRA. The benefit of the plan is that these gifts can be made tax-free and will help to rebalance Tom's overall estate. Because of Tom's income level, there would be additional income tax benefits as well.

Tom: The IRA gift turns out to be a good decision. It will help me achieve my estate planning goals and enabled me to make a major gift that qualifies for my required distribution.

Please note: The name and image above is representative of a typical donor and is not an actual donor to our organization. Since your IRA gift benefits under federal rules may be different from this person, you may want to contact us to discuss an IRA gift.

The 2010 IRA charitable rollover passed the House and awaits Senate approval. It is not currently available. Because it is very likely to pass this year, we ask you to continue to plan for a potential IRA charitable rollover in the fall of 2010. To learn more click here.

For more information please select one of the following options:

1. If you would like to receive more information on the benefits of an IRA gift click here.

2. To learn more about making an IRA gift, you may print a brochure. Click Here.