Gifts From Your IRA

Make a Tax-Wise Gift

If you are 70½ years old or older, you can take advantage of a simple way to benefit Time of Grace’s mission and receive tax benefits in return. You can give up to $105,000 per year from your IRA directly to a qualified charity such as Time of Grace without having to pay income taxes on the money.

BENEFITS

• No Income Taxes: The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
• Required Minimum Distributions: Gifts can satisfy all or part of your required minimum distribution.
• Simple Process: Just notify your IRA custodian to transfer the desired amount directly to Time of Grace.

Let’s talk. 
We’re here to help.

Navigating the many options for planned giving can be complex, but we’re here to help. Our team has many resources available to help you navigate through your options. If you’re interested in further conversation and need some general guidance, please fill out this form. You will be contacted by Dave Burleton, Time of Grace’s Chief Advancement Officer.

GIFTS FROM YOUR IRA

TESTIMONIAL

Arvid and Judy are over age 70½. They are able to make a Qualified Charitable Distribution (QCD) from their IRA. This transfers money from their IRA directly to Time of Grace. It serves as their minimum required distribution (RMD) from their IRA. In this way, Arvid and Judy are able to satisfy the federally required annual withdrawal from their IRA and provide for Time of Grace’s ongoing ministry. They can avoid taxes on transfers of up to $100,000 from their IRA to Time of Grace and make a gift that is not subject to the 50% deduction limits on charitable gifts.

“I’m so thankful you’re interested in pointing people to Jesus beyond your lifetime through Time of Grace. I’m here to help you with your planned giving to our ministry.”

Dave Burleton

Chief Advancement Officer at Time of Grace