Donate from your IRA

If you are 70½ or older, you can donate directly from your IRA to Live By Living without paying tax. Typically, withdrawals from an IRA are taxed as income. But when you donate directly to a charity from your IRA, the donation does not count as income (up to $100,000 per year).

Donating directly to a charity from your IRA is called a “Qualified Charitable Contribution.” The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions. This may help lower your Medicare premiums and decrease the amount of Social Security subject to tax. You will need to contact your IRA investment manager and let them know you want to make a Qualified Charitable Contribution to Live By Living. Our full information is:

Live By Living Foundation
2381 S Lupine St
Lakewood CO 80228
EIN: 26-3597773
Phone: 303-808-2339