Help Scouting Through Your IRA

As we begin fall and our Scouts head back to school, many individuals begin thinking about ways to help young people even more as they learn how to navigate through life’s challenges. As we all are very aware, Scouting is one of the best of life’s “navigational” programs around and prepares youth to have the grit and determination to overcome so many obstacles to success.

I continue to hear from Scouting families that the program has had such a dramatic impact on their lives that they want to give back in a meaningful way through Friends of Scouting, along with other ways, but don’t always know how.

One great opportunity is with your IRA and unlocking its power to make a gift to the Orange County Council, Boy Scouts of America to serve more Scouts. If you or someone you know is  over 70 ½ years of age, you can make a direct transfer from an IRA to Orange County Council BSA up to $100,000. The transfer will count toward the Required Annual Minimum Distribution rule (RMD), and avoids income tax normally imposed on the annual withdrawal.

It’s really pretty simple to do. Contact your IRA investment advisor as soon as possible prior to year-end. He or she can complete the transfer for you. To qualify, the individual must be age 70 ½, and the donation must be a direct transfer from your IRA or SEP IRA to a qualified not-for-profit organization such as OCBSA. We can provide you with the necessary information such as the tax ID number that might be needed. Your gift couldn’t be more critically needed than now as we seek to raise support for ongoing programs, camperships and rebuild the IROEC after recent damage from fires.  Your gift can create an important named legacy too!

For more information please contact Devon Dougherty (devond@ocbsa.org; 714-546-8558 x145)