Right here in our community, Cape Fear Literacy Council addresses the critical need of empowering adults through education. Did you know your IRA Charitable Rollover Gift can support our high-quality program? An IRA Charitable Rollover is an easy way to help; by making a qualified charitable distribution from your traditional directly to CFLC you will support our life-changing work and avoid increasing your taxable income.
You can make a charitable IRA rollover gift if:
- You are over 70½.
- You transfer funds directly from a traditional IRA or a Roth IRA, and your IRA gifts for a given tax year total $100,000 or less.
- You transfer the gift outright to one or more public charities such as Cape Fear Literacy Council, but not to donor advised funds, charitable trusts, or gift annuities.
Remember to consult with your tax planner or financial advisor before making any decisions regarding your IRA account.