Use an IRA Charitable Rollover to donate more before the end of 2020 and save on your taxes.

Acapulco Angels Planned giving ideas are not intended as legal, accounting, or other professional advice. For assistance in planning charitable gifts with tax and other financial implications, the services of appropriate advisors should be obtained. Consult an attorney for advice if your plans require revision of a will or other document.

Giving to Acapulco Angels is secure and your privacy is of the utmost importance to us.  The IRA Charitable Rollover is the perfect way to meet your minnimum required distribution for the year and may be the missing piece of your charitable giving for 2019!

The Charitable IRA Rollover, or qualified charitable distribution (QCD), is a special provision allowing certain donors to exclude from taxable income—and count toward their required minimum distribution—certain transfers of Individual Retirement Account (IRA) assets that are made directly to public charities, including Acapulco Angels - Salvation Army Acapulco. Since it was first made available in tax year 2006, many of our donors age 70 1/2 or older have used this popular option to support the areas of their choice with tax-wise gifts ranging from $1,000 to $100,000 (and up to $200,000 for married couples).

By making a gift this year of up to $100,000 from your IRA, you can see your philanthropic dollars at work. You are jump-starting the legacy you would like to leave and giving yourself the joy of watching your philanthropy take shape. Moreover, you can fulfill any outstanding pledge you may have made by transferring that amount from your IRA as long as it is $100,000 or less for the year.

A gift that qualifies, technically termed a “qualified charitable distribution,” is:

** Made by a donor age 70 1/2 or older.
** Transferred from a traditional or Roth IRA directly to a permissible public charity, such as Acapulco Angels. (If giving in this manner, please tell your broker or fund manager to name you as the donor on the transfer.)
** Completed during the applicable tax year.

Yes. Direct rollovers to a qualified charity can be made only from an IRA. Under certain circumstances, however, you may be able to roll assets from a pension, profit sharing, 401(k) or 403(b) plan into an IRA and then make the transfer from the IRA directly to Acapulco Angels. To determine if a rollover to an IRA is available for your plan, speak with your plan administrator.