The IRA charitable rollover is now permanent and is a terrific way to make a tax-free gift to Baylor Scott & White Dallas Foundation using your qualified retirement plan. This gift may also satisfy some or all of your required minimum distribution (RMD).
How Do I Qualify?
- You must be 70 ½ years old or older at the time of the gift.
- Gifts must go directly from your IRA to Baylor Scott & White Dallas Foundation.
- Gifts must come from a traditional IRA or Roth IRA account.
- For 2024, total QCD gifts cannot exceed $105,000 per donor.
Benefits of an IRA Charitable Rollover Gift
- Gifts can satisfy your RMD without increasing your income taxes.
- You will not pay taxes on your IRA withdrawal when gifted to Baylor Scott & White Dallas Foundation.
- You may direct your gift to a program or area of your choice.
- It is a wonderful way to create an immediate impact on Baylor Scott & White Dallas Foundation.
Click here for a sample letter to send to your IRA administrator to make an IRA charitable rollover.