Qualified donors can use their Individual Retirement Account (IRA), or Roth IRA to make an outright gift to BHCHP.
The benefits of such a gift include:
· Avoid paying income tax on the distribution
· Fulfill your minimum required distribution for the year
· Use an overlooked asset to make your annual or an individual gift
· See the impact of your giving during your lifetime
In order for the IRA transfer to qualify:
· Donor must be 70½ years of age or older when the gift is made
· Charitable distributions cannot exceed $105,000 per IRA holder in a tax year
· Transfer must be from an IRA or Roth IRA (pension, profit sharing, 401(k), 403(b), and other forms of retirement funds do not fall under this tax legislation)
· Transfer must be made directly from the IRA administrator to one or more qualified charitable organizations
Next Steps
· Contact the administrator of your IRA to request that a gift be made to BHCHP. Our address and tax ID are shown below.
· Contact our Development office to let us know you plan to make an IRA qualified charitable contribution.
Letter template
· Request from donor to IRA administrator
· Letter from donor informing BHCHP of IRA transfer
Our legal name, address and tax ID:
Boston Health Care for the Homeless Program, Inc.
780 Albany Street
Boston, MA 02118
Tax ID 04-3160480
