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IRA CHARITABLE ROLLOVER OR QUALIFIED CHARITABLE DISTRIBUTION

You can support the Village with a gift directly from your IRA. Instruct your IRA plan custodian to make a payment from your required minimum distribution directly to the Village, and the amount will be excluded from your taxable income. This is a tax-smart option if you intend to support the Village and don’t need all of your required minimum distribution.

  • You must be at least 70-1/2 years old
  • You may transfer up to $105,000 annually
  • If both you and your spouse have IRAs and meet the age requirement, your household can transfer up to $210,000 annually
  • No need to itemize on tax returns for the tax benefit

Information for your IRA’s custodian:

Payee: Silver Spring Village, Inc.

Federal Tax ID/EIN #: 46-0723926

Address: 8700 Georgia Ave, Ste 306, Silver Spring, MD 20910

Phone: 240-833-5580

Email: doug.gaddis@silverspringvillage.org

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