Hit an IRA
HOLE IN ONE
The IRA Charitable Rollover permits taxpayers
over age 70½ tomake non-taxable donations
directly to eligible charitable organizations
such as the foundations that support Cottage
Health’s hospitals. IRA rollover distributions are
counted for purposes of meetingminimum
distribution requirements but don’t count as
income to you.
The odds of hitting a hole-in-one on the golf
course are roughly 1 in 12,500, but the odds of
getting an IRA hole-in-one are greater.
With one stroke of the pen,
you have the
satisfaction of knowing that you can help
support quality healthcare in our community.
HERE’S HOW ITWORKS:
70 ½ and older.
ELIGIBLE RETIREMENT ACCOUNTS:
Traditional or Roth IRA accounts.
DIRECT TRANSFER TO CHARITY:
be transferred by the IRA trustee directly to
the eligible charity.
Total combined charitable
IRA rollover contributions may not exceed
$100,000 per person in any one year.
NO GIFTS IN RETURN:
Donors may not
receive any goods or services in return for
charitable IRA rollover contributions.
Cottage will provide you
the required substantiation of your IRA
NO CHARITABLE CONTRIBUTION
No charitable deduction
may be taken.For details on this Cottage Health program, please contact Carla Long, Director of Planned Giving, at 805.879.8987 or 805.879.8982 or email@example.com.