Thinking of giving to Beebe Healthcare this holiday season? One of the most popular ways to give to is an IRA charitable rollover. This is a wonderful way to planning your giving for those with a traditional IRA who are 70 ½ years and older and must now take a Required Minimum Distribution from their IRA.
Eligible IRA owners can transfer any amount up to $100,000 ($200,000 for married couples who each qualify separately) from their traditional IRA to one or more qualified charitable organizations without having to pay federal income taxes on these distributions. The distributions are not tax deductible and must be made payable directly to a qualified charity such as Beebe Healthcare by December 31 to be considered as a donation for the year.
To initiate an IRA charitable rollover, you must complete the IRA/IRRA One Time Distribution Form (which you can get from your accountant or financial planner) and request that your financial advisor complete an IRA charitable distribution letter to be sent to the charity of your choice. Distributions will be paid directly to the charity.
A gift to Beebe Healthcare is so much more than a donation. Your gift funds lifesaving care for those who live, work, and vacation in our community, and helps Beebe to further its charitable mission of making Sussex County one of the healthiest counties in the nation. There has never been a better time to give, as Beebe recently announced the public phase of the Next Generation of Care campaign. This historic $34 million campaign supports Beebe’s growth in Sussex County through the addition of state-of-the-art facilities throughout the area. For an overview of Beebe’s planned expansion, please visit www.nextgenerationofcare.org/facts.
Please contact the Beebe Medical Foundation at [email protected] or (302) 644-2900 for information about making your IRA charitable rollover gift to Beebe this year. We are happy to help you!