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Easy IRA Gift

Barbara retired after forty years as a teacher. She had volunteered for many years with the State Board of Missions as a member of the Disaster Relief Team. Since Barbara did not need the income, she decided to make a gift of $2,000 from her IRA to reflect her support.

Barbara: My pension had benefited from the last stock market boom. I had more IRA income than I needed to cover my living expenses. I saw all of the good the Disaster Relief Team had accomplished over the years and wanted to give something back.

Barbara called Randy Driggers, vice president for development with The Baptist Foundation of Alabama and learned of a simple and easy method to make a gift to benefit Disaster Relief. Now that she was over age 70½, she had the option of rolling over up to $100,000 from her IRA to charity without paying any taxes.

Barbara called her IRA custodian and requested a transfer of her $2,000 required distribution from her IRA directly to Disaster Relief at The State Board of Missions of the Alabama Baptist Convention.

Barbara: It was very easy to make an IRA charitable gift. The part I like best is that I could help my favorite ministry with my required distribution.

Please note: The name and image above is representative of a typical donor and may or may not be an actual donor to our organization. Since your IRA gift benefits under federal rules may be different from this person, you may want to contact us to discuss an IRA gift.

The 2010 IRA charitable rollover passed the House and awaits Senate approval. It is not currently available. Because it is very likely to pass this year, we ask you to continue to plan for a potential IRA charitable rollover in the fall of 2010. To learn more click here.

For more information please select one of the following options:

1. If you would like to receive more information on the benefits of an IRA gift click here.

2. To learn more about making an IRA gift, you may print a brochure. Click Here.