IRA Charitable Rollover

Were you born before July 1, 1949?

(April 2021) — You can support hope and healing with your Required Minimum Distribution (RMD).

Due to changes made by the SECURE Act (which passed in December of 2019), if a person’s 70th birthday is July 1, 2019 or later, you do not have to take withdrawals until you reach age 72.

The key date here is July 1, 1949. If you were born on that day or after, then you are not required to take your RMD until April 1st of next year (2022). Anyone born before that day (June 30th, 1949) has to take the RMD by year-end.

You reach age 70½ on the date that is 6 calendar months after your 70th birthday.

Example: You are retired and your 70th birthday was June 30, 2018. You reached age 70½ on December 30, 2018. You must take your first RMD (for 2018) by April 1, 2019. You will take subsequent RMDs on December 31st annually thereafter.

Example: You are retired and your 70th birthday was July 1, 2019. You reach age 70½ after December 31, 2019, so you are not required to take a minimum distribution until you reach 72. You reached age 72 on July 1, 2021. You must take your first RMD (for 2021) by April 1, 2022, with subsequent RMDs on December 31st annually thereafter.

Contact us

If you have any questions about an IRA charitable rollover gift, please contact the Center’s Director of Development, Laurie Betts Sloterdyk, (515) 274-4006 x 137, lsloterdyk@dmpcc.org

A story of joy

Sally Wood, Former Board Chair

It brings me great joy to make significant charitable gifts while I’m at this stage of my life. I’m grateful this is possible through the IRA charitable rollover. I encourage others to support hope and healing in our community by designating a portion of your IRA required minimum distribution to the Des Moines Pastoral Counseling Center. It’s win-win, the satisfaction of helping others while also enjoying a greater tax benefit.

~ Sally Wood, retired insurance executive and Former President, Board of Directors, Des Moines Pastoral Counseling Center

Support hope and healing in a big way

You may be looking for a way to make a big difference to help further support the Des Moines Pastoral Counseling Center. If you are 70½ or older you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is a way you can help make an impact in your community and benefit this year.

Benefits of an IRA charitable rollover

  • Avoid taxes on transfers of up to $100,000 from your IRA to the Des Moines Pastoral Counseling Center
  • Satisfy your required minimum distribution (RMD) for the year
  • Reduce your taxable income, even if you do not itemize deductions
  • Make a gift that is not subject to the 50% deduction limits on charitable gifts
  • Help further the work and mission of the organizations that are important to you

How an IRA charitable rollover gift works

  1. Contact your IRA plan administrator to make a gift from your IRA to the Des Moines Pastoral Counseling Center.
  2. Your IRA funds will be directly transferred to the Des Moines Pastoral Counseling Center.
  3. You will receive an acknowledgment of receipt from the Des Moines Pastoral Counseling Center.
  4. Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.

Contact us

If you have any questions about an IRA charitable rollover gift, please contact the Center’s Director of Development, Laurie Betts Sloterdyk, (515) 274-4006 x 137, lsloterdyk@dmpcc.org