Benefits of Giving From Your IRA

• Convenient
  An easy way to give to Haven Ministries.
• Tax-wise
  Distributions made directly to charity are not treated as taxable income. This is advantageous even if you don’t itemize deductions on your tax returns!
• Promises kept
  Gifts from your IRA can be used to fulfill any charitable giving pledges previously made.
• Impactful
  Gifts are tax-free to Haven Ministries. The entirety of your gift will go toward ministry!

Requirements of a Qualified Charitable Distribution

• You can give from your IRA to Haven Ministries without any federal tax liability, as long as the gifts are qualified charitable distributions (QCDs). Distributions qualify for all or part of your required minimum distribution (RMD).
• IRA holders must be age 70 ½ or older at the time of the gift.
• Give up to $105,000* per year, per person.
• Gifts must be outright gifts made directly to a charitable organization.
• Distributions to donor-advised funds, charitable trusts or charitable gift annuities are not permissible.
• Distributions may only be made from traditional IRAs or Roth IRAs; other retirement accounts are not eligible.
• You can give a one-time qualified charitable distribution (or multiple QCDs within a single year) totaling no more than $53,000 to fund a life income gift.

*As of January 2024. Indexed for inflation annually.