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Consider an “IRA Rollover” gift to RPTS
Many people like to give charitable gifts to the Seminary near the end of the calendar year as they review their finances and assess the position for the concluding tax year.
If you are 70½ or older and have an Individual Retirement Account (IRA), you have a powerful option for making gifts to RPTS yet in this 2013 year.
You can make a gift from your IRA directly to RPTS and have it count toward your Required Minimum Distribution while at the same time not having it count toward your ordinary income for the year. You can give any amount up to $100,000.00 and receive these benefits.
Simply contact your IRA custodian and have them send your selected amount to RPTS directly. Be sure to have them include your name in their documentation to the Seminary so we know who made the gift and can properly acknowledge your generosity. The IRS will treat the amount of the cash gift as if you gave it, but you will avoid federal tax on the amount of the gift.
This is wise stewardship on your part and a great blessing to the mission of RPTS as it develops biblically-based preachers & leaders for God’s Church.
If you have questions regarding this avenue of giving, contact the Seminary:
Phone – 412-731-6000
Email – firstname.lastname@example.org
Phone – 620-204-0699
Email – email@example.com
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