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<p><strong>To qualify:</strong></p> |
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<p><strong>To qualify:</strong></p> |
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<ul class="todo yellow"> |
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<ul class="todo yellow"> |
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<li>You must be at least 70.5 or older at the time of the gift.</li> |
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<li>You must be at least 70½ or older at the time of the gift.</li> |
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<li>You’re allowed to transfer to charity up to $105,000 per year.</li> |
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<li>You’re allowed to transfer to charity up to $105,000 per year.</li> |
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<li>The rollover must come from your IRA.</li> |
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<li>The rollover must come from your IRA.</li> |
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<ul class="todo"> |
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<li>You avoid paying income tax on the amount distributed to Wikimedia.</li> |
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<li>You avoid paying income tax on the amount distributed to Wikimedia.</li> |
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<li>The rollover satisfies your required minimum distribution (RMD) which begins at age 70.5.</li> |
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<li>The rollover satisfies your required minimum distribution (RMD) which begins at age 70½.</li> |
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<li>The rollover is made by simply instructing your IRA plan administrator to transfer funds directly from your IRA account to the Wikimedia Endowment (Tax ID 87-3024488).</li> |
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<li>The rollover is made by simply instructing your IRA plan administrator to transfer funds directly from your IRA account to the Wikimedia Endowment (Tax ID 87-3024488).</li> |
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<li>Rollovers are excellent ways to make annual gifts or satisfy multi-year pledges.</li> |
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<li>Rollovers are excellent ways to make annual gifts or satisfy multi-year pledges.</li> |
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<p> |
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<p> |
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“My husband and I both love Wikipedia and use it multiple times per day. Because our age is over 70.5 and we don't have to pay taxes on charitable contributions that we make directly from our IRA account, this is how we give now. This enables us to make larger contributions.” |
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“My husband and I both love Wikipedia and use it multiple times per day. Because our age is over 70½ and we don't have to pay taxes on charitable contributions that we make directly from our IRA account, this is how we give now. This enables us to make larger contributions.” |
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</p> |
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</p> |
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</div> |
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</div> |
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If you’re not in a position to make an IRA Charitable Rollover during your lifetime, you can use your IRA to make a planned gift to Wikimedia in the future. To do so, simply name Wikimedia as a beneficiary of all or a percentage of your IRA by contacting your plan administrator and requesting a Beneficiary Designation Form. |
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If you’re not in a position to make an IRA Charitable Rollover during your lifetime, you can use your IRA to make a planned gift to Wikimedia in the future. To do so, simply name Wikimedia as a beneficiary of all or a percentage of your IRA by contacting your plan administrator and requesting a Beneficiary Designation Form. |
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<br><br> |
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<br><br> |
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Thanks to new legislation, if you’re 70.5 or older you can use your IRA Charitable Rollover to fund a charitable gift annuity (CGA) and satisfy your RMD. Contact <a href="mailto:legacy@wikimedia.org" class="muted">legacy@wikimedia.org</a> to learn more. |
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Thanks to new legislation, if you’re 70½ or older you can use your IRA Charitable Rollover to fund a charitable gift annuity (CGA) and satisfy your RMD. Contact <a href="mailto:legacy@wikimedia.org" class="muted">legacy@wikimedia.org</a> to learn more. |
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</p> |
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</p> |
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</div> |
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</div> |