IRA Charitable Rollover

ira-charitable-rollover

You may be looking for a way to make an annual or end-of-the-year gift to support patient programs and services at Beaumont Health. If you are 70½ or older, you also may be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is a way you can help support our mission and, at the same time, benefit from important tax advantages.

Benefits of an IRA charitable rollover

  • Avoid taxes on transfers of up to $100,000 from your IRA to Beaumont Health
  • 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 50 percent deduction limits on charitable gifts

How an IRA charitable rollover gift works

  1. Contact your IRA plan administrator to make a gift from your IRA directly to one of the Beaumont Health Foundations (Beaumont Foundation, Botsford Foundation or Oakwood Foundation).
  2. Contact our office at 248-551-5330 to let us know that you have made arrangements for a distribution from your IRA and the area that you would like to support with your gift.
  3. Your IRA funds will be directly transferred to our organization.
  4. We will acknowledge your gift and invest in the local programs and services that are important to you.