HOW CAN YOU USE YOUR IRA TO MAKE A “TAX FREE” GIFT TO THE BOUVIER HEALTH FOUNDATION?

When you support BHF with a Qualified Charitable Distribution (QCD) you will receive tax benefits in return. When you plan your required minimum distributions (RMD) from your IRA you can receive  a tax benefit for your charitable giving.

To start:  Share your giving plan with your financial advisor before you decide to make the charitable contribution.

Key Points to remember: 

• You must be over 70 1/2 or older.  RMDs start at 73.

• Distributions must be made from your IRA administrator directly from a traditional IRA account and directed to the American Bouvier des Flandres Club for the Bouvier Health Foundation.

• Gifts must go to ABdFC/BHF directly and cannot go to donor-advised funds.

• Gifts must be from traditional IRAs where there are currently no employer contributions (inactive).
  

Tax Benefits to you:

• Qualified Charitable Contributions (from IRAs) are excluded as gross income from Federal income tax on your IRS Form 1040.

• The year you make the gift; it counts toward your required minimum contribution.

• This might help you avoid a higher tax bracket if you are adding a RMD to your income.
  

PLEASE TALK TO YOUR FINANCIAL ADVISOR TODAY

AND CONSIDER MAKING A QUALIFIED CHARITABLE CONTRIBUTION TO THE BOUVIER HEALTH FOUNDATION!

Here are sample letters for you to send to your financial advisor and one to send to the BHF informing them of your intention to donate through a QCD.