If you are age 70 ½ or older, own an IRA, and intend to make charitable gifts, there is good news for you to directly benefit KING FM and other organizations you care about.
IRA charitable rollover gifts allow you to donate up to $100,000 directly from your IRA to a charitable organization without treating the distribution as taxable income each year. These donations can count toward your required minimum distribution (and exceed it). If you do not itemize your deductions this might be the most tax-efficient to donate to the organizations you care about. Please consult with you tax-advisor. More information is also available on the IRS website.
To process a charitable rollover through your IRA:
Click here for a sample Transfer Letter to Your IRA Plan Administrator
Click here for a sample Notification Letter to KING FM – this step is important to receive your tax receipt.
Classical 98.1 is a 501(c)3 non-profit EIN 27-3067797. All donations are tax deductible to the extent of the law. Please note that no goods and services can be received in exchange for these gifts.
For more information, please email firstname.lastname@example.org or call 206-691-2961.