The initiative is a tax efficient way for Rotarians to support The Rotary Foundation. You can make a difference today and save on taxes when you support The Rotary Foundation through your IRA.Why Consider a Charitable Gift via an IRA?
- Your gift will be used today, allowing you to see the impact during your lifetime.
- You pay no federal income taxes on the transfer.
- The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
- Fulfill existing pledges or use your IRA to make a new three-year pledge, and receive recognition in the pledge year to achieve Major Donor or Arch Klumph Society.
- There could be opportunities to establish a named fund with gifts or commitments of $25,000 or more.
- Know as a trusted steward of your gift, The Rotary Foundation will use your investment to help make the world a better place!
- You are encouraged to seek the advice of your financial and/or legal advisor to determine if this is the best strategy for you.
Planning for the Future? An individual retirement account can also be used as a tax-wise giving strategy if you’re considering including The Rotary Foundation in your estate plans. To include the Foundation as a beneficiary, please use the legal name and federal tax ID listed below. Legal name: The Rotary Foundation of Rotary International Legal address: 1560 Sherman Ave, Evanston, IL 60201-3698 - Federal tax ID number: 36-3245072.
Share the good news of your bequest by notifying your Foundation representative or report it at www.rotary.org/yourlegacy.
Questions? Contact PDG Kevin Cogan at kcogan71@gmail.com