More Ways To Give
Explore simple ways to make a lasting impact—whether through a bequest in your will, a tax-smart IRA gift, or a direct charitable distribution.
Here are some of the ways you can give while maximizing your benefits.
Make a bequest: Include My Life Clinic in your will. It's the simplest, most popular planned gift to make. Already completed your will? Easily add charity with a simple "codicil." In many cases, you don't even need to hire an attorney.
The Legacy IRA Gift: Avoid or reduce taxes on required distributions from your retirement account. Use this new giving vehicle from the IRS and donate up to $105,000 plus get income for life. Eligibility begins at 70½.
Distribution from an IRA: If you are 70½ or older, you can make direct distributions from an IRA to a public charity up to $105k per year, without including these amounts in income. If you are age 73 or older, these "qualified charitable distributions" count toward your required minimum distribution.