Give from Your IRA to Provide God’s Word

On December 17, 2010, The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 was signed into law. This bill restores the IRA Charitable Rollover gift vehicle to again be used in 2010 and 2011.

The IRA Charitable Rollover allows an individual aged 70 ½ to make a direct distribution from their IRA to Biblica. The transfer may be no more than $100,000 each year and if large enough, will satisfy your Required Minimum Distribution (RMD) for the year in which you give the gift. The bill allows gifts made through January 2011 to be treated as a gift made in 2010 because of the bill’s late passing in December. A direct gift from your IRA to Biblica will not result in additional federal taxable income for the year. Because the income is not taxable, no charitable deduction is allowed.

IRA Charitable Rollover Advantages:

• The gift may be up to $100,000, and can satisfy your Required Minimum Distribution (RMD).
• Gift not recognized as taxable income on your federal return.
• Giving generously provides an opportunity to make a substantial impact in sharing God’s Word.

If you are interested in giving people around the world the opportunity to encounter Jesus Christ through God’s Word with a direct gift from your IRA, please review our IRA Charitable Rollover Guide. We can be reached via our web site, or call us at 1-800-448-0456.