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  • Home
  • Our Services
    • Do You Need a New Beginning?
    • Baby Boutique Programs
    • Community Resources >
      • Medical
      • Education
      • Parenting
      • Financial
      • Housing
      • Legal & Mental Health
      • Food Pantry
    • Testimonials
    • Blog
  • Donate Now
    • One-Time Donation
    • Recurring Donation
    • Gift Catalog
    • Material Donations >
      • Target Registry
      • Amazon Registry
      • Walmart Registry
      • Wish List
    • Merch
  • Getting Involved
    • Career Opportunities
    • Volunteer >
      • Volunteer Time Log
    • Internships >
      • Resident Supervisor
      • Media Design Internship
      • Film Production Internship
      • Resident Support Internship
      • Marketing Internship
      • Social Media Internship
      • Customized Internship
    • Events >
      • Ministry Presentations
    • Change for Life Program
  • About Us
    • Virtual Tour
    • Our Team
    • Board of Directors
    • History
    • Newsletter
  • Contact Us
  • Heart Campaign

Special Tax-Free IRA Gifts

For those aged 70½ or older, it is once again possible to make tax-favored charitable gifts from traditional and Roth IRA accounts.

On December 18, Congress passed legislation retroactively extending the charitable IRA rollover for 2015 and makes this provision permanent for future years. A total of up to $100,000 can be transferred directly from traditional or Roth IRAs to one or more qualified charities such as New Beginnings - A Home for Mothers free from federal income tax each year. There may also be state income tax savings. Amounts given in this way count toward required IRA minimum withdrawal amounts for the year of the gift.

To make such gifts, it is important to not withdraw funds prior to a gift, but have the gift amount distributed directly from an IRA to one or more qualified charities. For those with check writing privileges on their accounts, this may be the most efficient way to make gifts directly from an IRA.

​Check with us, your IRA administrator or your tax advisor for more information.
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