IRA Charitable Rollover – A Wonderful End of Year Gifting Opportunity

by Beth Adams, Messiah member and Charitable Gift Planner for the ELCA Alaska, Washington, Oregon, Idaho, Montana

The Rollover helps you make direct gifts to your congregation and other ministries of the ELCA, and save on taxes.

Made permanent December 18, 2015, the IRA Charitable Rollover allows individuals who are 70 ½ or older to direct gifts from their traditional IRA to eligible charitable organizations.

There is a cap of $100,000 for charitable distributions from individual IRAs each year.

Individuals may exclude the amount distributed directly to an eligible charity from their gross income, but cannot take a charitable contribution deduction for the contribution.

These gifts can count toward a donor's required minimum distribution (RMD).

Gifts must be postmarked by December 31 to satisfy your RMD for a calendar year.

If your custodian is making an electronic transfer, the gift must be received on or before December 31.

HOW TO MAKE THE GIFT

  1. Contact your plan administrator in writing, perhaps over the phone, and request a direct transfer from your IRA to Messiah Lutheran Church or an ELCA ministry of your choice. Only 501 C-3 qualified charitable organizations may benefit.
  2. Contact Doug Ruecker at Messiah or the ELCA ministry of your choice to let them know that your gift is being transferred and they should confirm the transfer of funds.
  3. Messiah Lutheran Church tax identification number is 91-6052455
    ELCA tax identification number is 41-1568278

For more information on charitable gifting please contact:

Beth Adams, Charitable Gift Planner for the ELCA and member of Messiah
360.953.4401
or
Doug Ruecker, Financial Secretary, Messiah Lutheran Church
360-574-7081

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