The Charitable IRA: Making a tax-free gift to WXXI!

Charitable IRA Rollover

The Charitable IRA Rollover
is back to stay!

You may now make a tax-free gift from your Individual Retirement Account (IRA) directly to WXXI ANY TIME!

It's a smart way to not only enjoy tax savings but also support the value of WXXI.

Here’s
How It
Works

Who

You must be 70½ or older to make an IRA rollover gift to a public charity, like WXXI.

What

You can give up to $100,000 from your Traditional or Roth IRA.

How

Instruct your plan administrator to send a specific dollar amount directly to WXXI. Your administrator can send the gift by check or electronic transfer. Please let us know of your charitable intentions so we can ensure your gift is processed in an accurate and timely manner.

Benefits
To You

Required Minimum Distribution

Each dollar of your donation will count towards your required minimum distribution.

Taxes

You can exclude up to $100,000 of this gift from your Federal gross income - resulting in lower taxable income and possible tax savings ($200K exclusion may apply for taxpayers who are married and filing a joint return).

How

You will have the personal satisfaction of doing more for our community than you originally thought possible.

Tip: This tax savings is especially valuable to donors who are non-itemizers and donors who have reached their limit on itemized charitable deductions.

Please consult with your financial advisor about this win-win opportunity.
For more information, you can also contact
Contact
Kathy Reed, Assistant Vice President,
Major and Planned Giving, WXXI and The Little at
585-258-0319 or kreed@wxxi.org.

Act today!