Helping Animals (and Saving on Taxes)
with IRA Charitable Rollover Giving


Dudley, pictured here, was languishing in an Arkansas shelter in a part of the country with low adoption rates. Things didn't look good for Dudley... but help like yours turned his life around when ARC rescued him as part of our shelter relief efforts. As you can see, it didn't take long for Dudley to find his new forever home... and he's loving it!

Did you know you might be able to use your IRA to help animals like Dudley? This kind of giving, known as an IRA Charitable Rollover or Qualified Charitable Distribution (QCD) can help you help animals like Dudley and save on taxes.
 
With an IRA Charitable Rollover gift, you can make gifts that count toward your annual IRA required minimum distribution (RMD) but that are excluded from your taxable income. A win-win for animals in need and for you! You have to be at least 70.5 years young to make this kind of gift, and you can distribute amounts in any size up to a total of $100,000 toward charity per year. Your gift must be directly transferred from your IRA custodian to your selected charity to be able to take advantage of these special benefits.
 
Here’s an example. Linda loves Animal Rescue Corps, and, like you, she can't stand to see animals suffering. She wants to be the wings to help animals and make a difference for them. Linda is 74 years old, and she has $350,000 in her IRA. She wants to donate $500 to Animal Rescue Corps this year. She simply authorizes her IRA custodian to directly transfer a qualified charitable distribution in the amount she specifies to Animal Rescue Corps. She won't pay income tax on the $500 she donates to ARC, and that gift still counts toward her RMD. She doesn't take an additional deduction on her gift, as she's already received her tax benefit by not paying tax on otherwise taxable income. And, best of all, she's protecting animals. Way to go, Linda!

Linda just helped power ARC's work, making more before and afters like these possible. ARC is people-powered. With you on our side, we are unstoppable!
Your IRA charitable rollover gift must be received by December 31 for it to count toward the current tax year, so please act today if you’d like to take advantage of this opportunity to save animals and save on taxes.

We're here to help you help animals. Let us know if you have questions!
855-ARCORPS, ext 108; [email protected]

Download a customizable IRA sample letter of instruction

The information contained here is not intended as tax, legal, or financial advice and should not be relied upon as such. Please always consult with your legal and financial advisors for information specific to your unique situation.