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Planned Giving

Make a Gift from my IRA

You may be looking for a way to make a big difference to help further our mission. If you are 70½ or older you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is a way you can help continue our work and benefit this year.

Benefits of an IRA charitable rollover:

  • Avoid taxes on transfers of up to $100,000 from your IRA to our organization
  • May satisfy your required minimum distribution (RMD) for the year
  • Reduce your taxable income, even if you do not itemize deductions
  • Make a gift that is not subject to the deduction limits on charitable gifts
  • Help further the work and mission of our organization

How an IRA charitable rollover gift works:

Contact your IRA plan administrator to make a gift from your IRA to us. Your IRA funds will be directly transferred to our organization to help continue our important work. Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.

Gifts from your IRA’s Required Minimum Distribution (RMD)

You generally must start taking withdrawals from your IRA, SEP IRA, Simple IRA, or retirement plan account when you reach age 72. (70.5 if you reached 70.5 before Jan. 1, 2020). Recent changes to tax law have increased the age of Required Minimum Distributions to 72.   If you are 72 or older, you can use your IRA to fulfill your charitable goals as well as satisfy your RMD.  You may contact your IRA custodian and make a qualified charitable distribution. We will acknowledge your generous gifts as a qualified charitable distribution, which may satisfy your RMD.

Beneficiary Gifts

To leave your retirement assets to United Way of Bartholomew County, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate United Way of Bartholomew County as a beneficiary, we will benefit from the full value of your gift because your retirement assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.  These gifts are simple, tax-smart, and flexible.

Make a Future Gift of Retirement Assets

Donating part or all your unused retirement assets, such as your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an excellent way to make a gift to United Way of Bartholomew County.

If you are like most people, you probably will not use all your retirement assets during your lifetime. You can make a gift of your unused retirement assets to help further our mission.

Benefits of Gifts of Retirement Assets

  • Simplify your planning
  • Support the causes that you care about
  • Continue to use your account as long as you need to
  • Heirs can instead receive tax-advantaged assets from the estate
  • Receive potential estate tax savings from an estate tax deduction

Future gifts from your retirement assets

A substantial percentage of your retirement assets may create a taxable liability for your heirs.  As a charity, we are not taxed upon receiving an IRA or other retirement plan assets. Please contact your financial advisor or retirement plan custodian to designate a future gift to United Way of Bartholomew County.

Please designate your gift as follows:

United Way of Bartholomew County

1531 13th Street Suite 1100

Columbus, IN 47201

Federal Tax ID #35-1132860

The Internal Revenue Service (IRS) recognizes United Way of Bartholomew County as a Section 501( c )(3) public charity.  

Contact us

If you have any questions about in, please contact us. We would be happy to assist you and answer any questions that you have.