If you are 70 1/2 or older, avoid taxes on transfers of up to $100,000 from your IRA
IRA Charitable Rollover
You may be looking for a way to make a big difference to help further Scouting’s mission. If you are 701/2 or older, an IRA charitable rollover is a way you can help continue Scouting’s work and benefit this year.
Benefits of an IRA Charitable Rollover
Also known as a Qualified Charitable Distribution
- Avoid taxes on transfers of up to $100,000 from your IRA to the Twin Valley Council.
- Satisfy your required minimum distribution (RMD) for the year.
- Reduce your taxable income, even if you do not itemize deductions.
- Make a gift that is not subject to the deduction limits on charitable gifts.
- Help further the work and mission of our organization.
How an IRA Charitable Rollover Gift Works
- Contact your IRA plan administrator to make a qualified charitable distribution from your IRA to the Twin Valley Council Inc. Boy Scouts of America. Our address is 810 Madison Avenue, Mankato, MN 56001
- Your IRA funds will be directly transferred to our organization to help continue our important work.
- Please note that IRA qualified charitable rollover gifts do not qualify for a charitable deduction.
- Please contact us at 507-387-3123 or info@twinvalleybsa.org if you wish for your gift to be used for a specific purpose.