IRA to Make a Gift

If you are 70 1/2 years or older, you can direct your 2013 required minimum distribution, up to $100,000 from your IRA to a charitable organization. Clarence Presbyterian Church is an eligible organization for such a distribution. Called an IRA Charitable Rollover, the required minimum distribution can be designated for annual operations or as a planned gift for future use. In other words, you can use the IRA Charitable Rollover to pay on your 2013 pledge, to prepay your 2014 pledge, or to make a special planned gift. 

Please consult your accountant and the broker or organization that administers your IRA before making an IRA charitable Rollover.