IRA CHARITABLE ROLLOVER

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Donate from your IRA to the Peninsula community foundation to reduce taxable income and support local causes. Win-Win!

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Partner with us to be the impact you want to see on the Virginia
Peninsula by donating from your IRA today!

​Benefits of an IRA charitable rollover:

• Avoid taxes on transfers of up to $100,000 from your IRA to our organization
• May satisfy your required minimum distribution (RMD) for the year
• Reduce your taxable income, even if you do not itemize deductions
• Make a gift that is not subject to the deduction limits on charitable gifts
• Help further the work and mission of our organization

How an IRA charitable rollover gift works:

• Contact your IRA plan administrator to make a gift from your IRA to us
• Your IRA funds will be directly transferred to our organization to help continue our important work
• Please note that IRA charitable rollover gifts do not qualify for a charitable deduction
• Please contact us if you wish for your gift to be used for a specific purpose

BROCHURE

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Gifts from your IRA
If you are 70½ or older, you can use your IRA to fulfill your charitable goals. We will acknowledge your generous gifts as a qualified charitable distribution, which may satisfy your RMD, if applicable.​

​We are here to help!
If you have any questions about an IRA charitable rollover gift, please contact us. We would be happy to assist you and answer any questions you might have. Please contact Michael Monteith, [email protected]/757.327.0862 ​​​

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