The IRA charitable rollover is a great way to make a tax-free gift to support the Nebraska Farm Bureau Foundation.
To make a qualified charitable distribution from an IRA, donors must be 70½ years or older at the time of the gift. The gifts must be made directly from the IRA to the Nebraska Farm Bureau Foundation, and the gift amount cannot exceed $100,000.
A rollover gift from an IRA is particularly beneficial for individuals who:
- don’t want to take the required minimum distribution,
- can’t use all of their charitable deductions in a tax year,
- don’t itemize charitable deductions.
Donors wanting to take advantage of this tax-efficient giving opportunity should make a request to their IRA plan administrator, asking that a distribution be made payable to the Nebraska Farm Bureau Foundation. Please notify us of your gift intentions by sending this completed form. Please contact Megahn Schafer at 402-421-4742 or firstname.lastname@example.org for further information and assistance.
The appropriate beneficiary designation for an IRA gift is "The Nebraska Farm Bureau Foundation, a Nebraska nonprofit corporation."
The Nebraska Farm Bureau Foundation is registered with the Internal Revenue Service Department of the Treasury (EIN: 46-1740947) and is exempt from federal income tax under the provisions of Section 501(c)(3) of the Internal Revenue Code of 1954.