Gifts Through an IRA

Taxwise giving idea:

the IRA Charitable Rollover in 2013 may benefit you!

Tax-free distributions to a charity from your Individual Retirement Arrangement (IRA) held by someone age 70 ½ or older of up to $100,000 per taxpayer is extended until December 31, 2013.

An IRA charitable rollover is described as a “qualified charitable distribution,” or money that individuals may direct from their traditional IRA to eligible charitable organizations such as the Orange County Council, Boy Scouts of America. Individuals may exclude the amount distributed directly to a charity from their gross income in 2013 thereby avoiding income taxes.

Your IRA Charitable Rollover must be made directly from your Individual Retirement Arrangement (IRA) to the Orange County Council in order to qualify as tax-free transaction.

2013 IRA Charitable Rollover Gifts can be credited to the following:

Operations: Gifts to this area will be used to support the day to day operations of the Orange County Council. Items such as maintenance and operational expenses for our facilities, fees for our “at risk” program participants, insurance costs and program supplies would be included.

Capital Fund: Gifts to this area would support one of our capital improvement projects at OSO Lake, Irvine Ranch Outdoor Education Center, Newport Sea Base or Schoepe Scout Reservation at Lost Valley. Contact us to find out about the details of a specific project. You can also make an undesignated capital gift.

Endowment Fund: Gifts to this area will support the future needs of the Orange County Council. Both restricted and unrestricted gifts can be made. The principle of these gifts will remain intact. Gifts may qualify for the James E. West Fellowship or Second Century Society.

Please contact Devon Dougherty at 714-546-8558 ext. 145 or devond@ocbsa.org for more information or to make a gift.

Transfer Instructions for an IRA Charitable Rollover