20 Dec Year End Giving – IRA Charitable Rollover
If you are 70.5 years old or older, you can make a contribution to Winter Park Baptist Church directly from your IRA simply by instructing your plan administrator to make the transfer directly to Winter Park. Individuals are allowed to transfer up to $100,000 a year to the charities of their choice. Your gift will be transferred directly to Winter Park, will not be reported as taxable income, and will count toward your minimal distribution requirements.
Most importantly, your generous support will sustain and empower Winter Park’s worship and ministry. Required minimum distributions must be made by Dec. 31st each year in order to exclude that amount from taxable income. In addition, Winter Park’s financial year will also be closed on Dec. 31, 2018. Any pledge payments or contributions received after this date will be recorded in 2019.
To obtain information regarding the current status of your 2018 giving, please contact Russell Ipock at 910-791-4725 or firstname.lastname@example.org.