The popular gift option known as the IRA Charitable Rollover is now a permanent part of the tax code.
This is good news for IRA owners over 70 1/2 who want to support the work of Christian Legal Society (CLS). You can satisfy required minimum distribution requirements by making a tax-free qualified charitable distribution from your IRA directly to CLS.
In many cases you can meet the required mandatory distribution requirements by making a charitable gift from your IRA.
Designating CLS as recipient of your required mandatory distribution offers a non-cash gift option to allow you to be part of CLS’ vital ministries to defend students’ right to gather on campus, to provide critical legal aid to 135 underserved communities through Christian Legal Aid programs, and to challenge, encourage and equip Christian law students and attorneys to a deeper understanding of Biblical truth in the law.
Not only will you be joining us in this critical work, but you also have the potential for tax savings and the ability to partner with CLS on an even greater level.
Donating your IRA required mandatory distribution to CLS will help you:
- Avoid taxes on transfers of up to $100,000 from your IRA to CLS
- Satisfy your required minimum distribution requirement for the year
- Reduce your taxable income, even if you do not itemize deductions
- Make a gift that is not subject to the deduction limits on charitable gifts
- Allows you to participate in the work of CLS without making an out-of-pocket cash gift
If you would like to donate your IRA required mandatory distribution to CLS, please contact your financial institution immediately, as paperwork will need to be completed prior to each year-end.
Checks should be mailed to Christian Legal Society:
Christian Legal Society
8001 Braddock Road, Suite 302
Springfield, VA 22121
Federal Tax ID: 36-6101090
If your financial institution prefers to wire the gift, please provide this information:
c/o Patrick Trainor, CFP
1850 K St., NW, Ste. 900
Washington, DC 20006,
CLS Acct. #504133109
In order for CLS to properly thank you for you gift, please let us know that you will be making a gift of IRA required mandatory distribution. Please contact CLS’ Program Coordinator, Sheila Morris, at 703-894-1080 or firstname.lastname@example.org.