Gifts Through Your IRA

Make a tax-free distribution from your IRA

If you are 70½ or older, you can make a tax-free distribution from your IRA to Forest Home. You can give up to $100,000 each year without incurring income tax on your withdrawal. An IRA Charitable Rollover can be an efficient way to support Forest Home.

ForestHome - Gifts Through Your IRA

How It Works

1. You direct distributions up to $100,000 from your IRA Custodian to Forest Home

2. The distributions go directly to Forest Home and generates neither taxable income nor a tax deduction

Benefits

  • You avoid taxes on the distribution up to $100,000
  • You can satisfy your required minimum distribution for the year
  • You reduce your taxable income even if you do not itemize charitable deductions
  • You can potentially reduce the cost of your Medicare premiums
  • Your gift is not subject to the 60% deduction limits on charitable gifts
  • You experience the joy of making it possible for children, youth and families to experience the life-changing power of the Gospel at Forest Home

A Gift Through Your IRA May Be for You If:

  • You are over age 70½
  • You do not need the additional income from your required minimum distributions
  • You don’t itemize deductions or your charitable deductions are limited
  • You want to give more than the 60% charitable deduction limitation
  • You live in a state with no charitable income tax deduction

We’re here to help

For more information and to discuss the best gift options for you, contact David Carlson, MBA, ChFC®, CLU®, CLPF, President of the Forest Home Foundation, at (909) 389-4430 or davidc@foresthomefoundation.org.