Did you know?
At the age of 70 1/2, the Federal government permits you to roll over up to $100,000 from your IRA to charity without increasing your taxable income or paying any additional tax.
If you are like most individuals, your IRA has increased in value over the years and you have more income than you may need. The IRA rollover gift is a simple and easy way to provide for Thornwell while not increasing your taxable income. These tax-free charitable rollover gifts could be $1,000, $10,000, or any amount up to $100,000 this year. The gift satisfies your required minimum distribution (RMD) for this year.
Simply contact your custodian and request that an amount be transferred to Thornwell. Your gift will help you avoid any additional tax!