Through December 31, 2014, individuals 70 ½ or older are able to make tax-free transfers (up to $100,000) directly from their IRA account to Maranatha. Transferring an IRA distribution to a charity allows you to avoid paying income tax on the amount withdrawn, and these qualified charitable distributions can be used to satisfy IRA required minimum distributions. Qualifying distributions may be made by individuals, age 70 ½ and older, in amounts of up to $100,000.
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To the Ends of the Earth: How Your Mission Dollars Can Share the Gospel
Imagine the most forsaken place you’ve ever been. Can you picture it? This is the story of how you have helped to share the…
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