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Lifetime Gift from a Retirement Account
(Gift Example)

The first example illustrates an outright gift from an IRA by a donor over age 70½.

The second example illustrates the costs and benefits of a withdrawal from an IRA by a donor younger than 70½, used to fund a life-income gift.

Example 1

You are 75 years old and your adjusted gross income will total $200,000 this year. Earlier in the year you contributed $100,000 to the American Cancer Society, so you have reached the limit (50% of adjusted gross income) on charitable gifts you can deduct this year.

You want to provide additional support for a the American Cancer Society program, so you direct a $100,000 payment from your IRA to us.

Example 2

You are 65 years old. You withdraw $100,000 from an IRA and use it to create a Charitable Gift Annuity, making lifetime payments to you, then paying the remaining balance to the American Cancer Society.

For more information

Email us, complete the personal illustration form, or call us at (404) 417-5803 so that we can assist you through every step of the process.

For more information

Complete the personal illustration form, or call us at 1-800-227-1885 so that we can assist you and your financial advisor through every step of the process.