IRA Charitable Rollover

Satisfy your RMD With a Charitable Gift

Are you looking to help further CMC’s mission in a significant way? If you are 70½ or older, an IRA charitable rollover is one way you can help CMC continue and expand its work while also benefitting from a tax perspective this year.

Benefits of an IRA Charitable Rollover

  • Avoid taxes on transfers of up to $100,000 (or up to $200,000 per year for a married couple) from your IRA to a charitable organization
  • Make a gift that is not subject to the deduction limits on charitable gifts
  • Help further the work and mission of CMC and its partner organizations

If you qualify, you can directly transfer your IRA funds to our Foundation. These are considered a qualified charitable distribution from your IRA, and may be counted toward satisfying your required minimum distributions (RMD) for the year. Your donation must be made directly from the IRA to the Vellore CMC Foundation. It cannot be made through a 401(k), 403(b), or a 457 plan.

To learn more, please contact us at 800-875-6370 or email us at today.

Point of Contact: Patricia Carroll

EIN/Tax ID: 13-2735359

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