If you are 70 ½ years of age and have an IRA, then you know you must begin to take annual Required Minimum Distributions (RMD) from your IRA’s. There is a tax-free option for you to give part or all of your RMD to Blacksburg Baptist Church (BBC) using a Qualified Charitable Distribution.
The IRS will allow you to make direct contributions — up to $100,000 annually — from your IRA to qualified charitable organizations like BBC without owing any income tax on the distributions. In addition, a QCD will satisfy the annual RMD for your IRA. If you qualify and would like to make a gift to BBC, a Qualified Charitable Distribution can be a great way to comply with the RMD requirement without triggering the tax liability that would occur if the RMD were paid directly to you.
To make a gift from your IRA, contact your IRA provider and tell them you would like to make a charitable IRA rollover gift, more properly known as a Qualified Charitable Distribution, to Blacksburg Baptist Church. Please click here for more information.
A bequest is your statement of affirmation that BBC is to continue into the future, expanding its frontiers of ministry and outreach. This kind of provision assures that members yet to come will find BBC as dynamic as it is today.
If you are considering including BBC in your estate planning, please click here for more information.