Charitable IRA Rollover
Support a lifesaving program at Mercy Medical Center Redding, Mercy Medical Center Mt. Shasta, St. Elizabeth Community Hospital, Connected Living, or Hospice by rolling over your tax-free IRA gift for 2024!
How it works:
- Must be 70½ years or older
- Gifts cannot exceed $100,000
- IRA distribution must be made directly to Mercy Foundation North
- Distributions help satisfy your Required Minimum Distribution for 2024
- Deadline is December 31, 2024
Always consult your professional advisor.
Why Consider This Gift?
- Your gift will be put to use today, allowing you to see the difference your donation is making.
- You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
- If you have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.
It is wise to consult with your tax professional if you are contemplating making a charitable rollover gift from your IRA account.
Please feel free to contact a member of the Mercy Foundation North team at (530) 247-3424 or MFN@commonspirit.org with any questions you or your advisor may have.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor.
Mercy Foundation North is a nonprofit corporation as provided under section 501(c)(3) of the Internal Revenue Code. Contributions are tax-deductible in accordance with state and federal regulations.
