John retired after forty years as a high school teacher. He had an IRA and was nearing the time to take his required payout for this year in the amount of $2,000. Since John did not need the income, he decided to make a monthly gift to FRC through his IRA.
 
John: My pension had benefited from the last stock market boom. I had more income from my IRA than I needed to cover my living expenses. I saw all of the good the Family Research Council had accomplished over the years and wanted to give a little more than usual.

John called FRC's Director of Gift Planning to find out if FRC was eligible to recieve funds through the IRA Rollover Act. Now that he was over age 70½, he had the option of rolling over up to $100,000 from his IRA to charity without paying any taxes.

John called his IRA custodian and requested a transfer of his $2,000 required distribution from his IRA directly to Family Research Council.

John: It was very easy to make an IRA charitable gift. The part I like best is that I could help one of my favorite ministries with my required distribution.

Please note: The name and image above is representative of a typical donor and may or may not be an actual donor to our organization. Since your IRA gift benefits under federal rules may be different from this person, you may want to contact us to discuss an IRA gift.

The 2010 IRA charitable rollover passed the House and awaits Senate approval. It is not currently available. Because it is very likely to pass this year, we ask you to continue to plan for a potential IRA charitable rollover in the fall of 2010. To learn more click here.