Help animals with a tax-smart gift from your IRA
The IRA charitable distribution is a great way to help your bottom line while helping animals.
You can transfer up to $100,000 (per person, per year) directly from your individual retirement accounts to a qualified charity like World Animal Protection.
Once you have turned 70 ½, there are requirements for annual minimum withdrawals from your traditional IRAs and employer-sponsored retirement plans, and it is considered taxable income.
Making a charitable distribution from your IRA directly to World Animal Protection helps you avoid that increase in taxable income – and protect animals.
If you have turned 70 ½ and will be taking $1,000 out of your IRA this year, you might pay an additional $350 in income taxes (if your income tax bracket is 35%), leaving you with about $650 in total.
Instead you can direct the entire distribution to World Animal Protection, and the full $1,000 will go directly to help protect animals.
This distribution will not affect your taxes.
It is important that you alert us about your gift via a qualified charitable distribution, as many checks arrive without identifiable information.
Please call Julie Hartshorn, Philanthropy Manager, at 646-783-2205 or email at firstname.lastname@example.org
Please include your mailing address so we can send you a timely tax receipt.