You may be looking for making a more significant difference to our mission …and to leverage your savings.

If you are 70 ½  or older, you may be able to lower your taxable income and taxes from your required IRA withdrawal.  An IRA Charitable Rollover is a way you can both contribute more … while paying less in taxes.

Benefits of an IRA charitable rollover

  • Avoid taxes on transfers of up to $100,000 from your IRA to our nonprofit organization
  • Satisfy your Required Minimum Distribution (RMD) for the year (all or in-part)
  • Reduce your taxable income, even if you do not itemize deductions
  • Make a gift that is not subject to the deduction limits on charitable gifts
  • Help us serve the local community even better

How an IRA charitable rollover gift works

  1. Contact your IRA plan administrator to make a gift directly from your IRA to the Hoffman Center for the Arts  (EIN#:  20-1691293)
  2. Your IRA funds will be directly transferred to us to help continue our Mission
  3. You are done!  Please note that IRA charitable rollover gifts reduce your taxable income dollar for dollar though do not qualify as a charitable deduction