IRA
Using your IRA to make a gift to The Episcopal Church in Wyoming is a tax-efficient way to support our mission while meeting your Required Minimum Distribution (RMD). This method allows you to give during your lifetime, seeing the impact of your gift firsthand.
Command those who are rich in this present world not to be arrogant nor to put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with everything for our enjoyment.
(1 Timothy 6:17)
Maximize Your Giving with IRA Gifts
If you are 70½ years old or older, you can make a Qualified Charitable Distribution (QCD) from your IRA directly to The Episcopal Church in Wyoming. This allows you to donate up to $100,000 annually without incurring income taxes on the distribution. Not only does this method fulfill your RMD, but it also reduces your taxable income, which can be particularly beneficial if you do not itemize deductions. By using your IRA to support the church, you can see the difference your gift makes while also enjoying tax advantages.
Why Consider This Gift?
Tax-Free Giving: QCDs allow you to make tax-free gifts directly from your IRA, reducing your taxable income.
Satisfy RMD: If you’re 73 or older, your gift can satisfy all or part of your RMD, helping you manage your tax liability.
Immediate Impact: Your gift will be used immediately, allowing you to witness the benefits of your generosity.
How to Fund Your Gift:
IRA Charitable Rollovers (QCDs)
Beneficiary Designations
Giving in Action
Next Steps
Seek the advice of your financial or legal advisor.
If you include The Foundation in your plans, please use our legal name and federal tax ID.
Legal name: The Foundation for the Episcopal Diocese of Wyoming
Federal tax ID number: 83-0322442
The information on this website was accurate at the time of posting. However, it is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.