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Support Kiwanis of Nashville Foundation with an IRA Charitable Rollover

The IRA Charitable Rollover is great news for people 70 1/2 and over who want to make a gift to Kiwanis of Nashville Foundation that counts toward their required minimum distribution. Here are the nuts and bolts:

  • Instead of taking your distribution, instruct your IRA custodian to make a distribution directly to Kiwanis of Nashville Foundation.
  • Although there is no tax deduction. the distribution is excluded from your income for federal tax purposes - no tax is due and the full amount of your gift supports Kiwanis of Nashville Foundation!
  • The distribution counts toward your required minimum distribution.
  • Up to $100,000 of your gift qualifies for this favorable tax treatment.
  • Your gift can make an immediate impact - there is no need to wait until the end of the year!

Simple and effective, the IRA Charitable Rollover is personally rewarding and easy to complete. Just let us know if you are planning an IRA Charitable Rollover gift and we'll be happy to help you explore ways you can make an impact. (Be sure to consult your tax and financial advisers when considering any planned gift.) As always, thank you for supporting Kiwanis of Nashville Foundation and the children of the community that we serve.