Charitable IRA Rollover
Allows individuals age 70-1/2 or older to transfer a tax-free gift from their IRA directly to charities. Your contribution can be used to support mission and make a difference in people’s lives.
- Reduce your taxable income
- Benefit even if you don’t itemize
- Avoid IRS Giving Limits
How Do I make Gift through my IRA Now?
Giving a gift now through an IRA charitable rollover (also known as Qualified Charitable Distribution QCD) is simple. You can find the forms in the Resources section on this page. Or you can contact Mission Funding.
How do I make Community of Christ a beneficiary of my retirement assets?
A gift of your retirement assets, such as a gift from your IRA, 401k, 403b, pension, or other tax-deferred plan, is an excellent way to make a gift to Community of Christ.
If you transfer your retirement accounts to non-charitable heirs upon your death, it can eat up to 70% of the principal of your account. By leaving your retirement assets to Community of Christ, you may avoid both income and estate taxes because we are not taxed on the transfer. In addition, you can continue to take withdrawals during your lifetime. You can designate all or a percentage of your retirement assets to Community of Christ and can change beneficiaries at any time.
How to transfer your retirement assets
Simply name Community of Christ as a whole or partial beneficiary of your retirement plan by using the beneficiary designation form supplied by your financial institution. There should be no charge to update your beneficiary designation.