Turn your life savings into saving lives.
If you make a contribution to Switchpoint Community Resource Center through your IRA, you’ll be drastically changing the lives of homeless individuals and families and you’ll get great benefits, too!
A charitable IRA rollover is a wonderful option for people 70 and a half years of age and older. That’s because it allows you to make a gift to those suffering with homelessness — from $100 to $100,000 — and the distribution won’t count as taxable income. An IRA rollover is also a great option if you don’t normally itemize your charitable deductions.
What’s a charitable IRA rollover?
A charitable IRA rollover is a direct contribution made from your traditional or Roth IRA to a public charity like Switchpoint. Your contribution is excluded from your taxable income and can’t exceed $100,000 per year.
Who benefits most from an IRA rollover?
Those with significant assets in an IRA or those who don’t deduct charitable gifts benefit the most from an IRA rollover. Charitable IRA rollover distributions count toward required minimum distributions.
Is my IRA rollover gift deductible?
No. The gift from your IRA would be excluded from your income, so there are no additional deductions.
How does my IRA rollover help those experiencing homelessness?
Every gift, no matter how large or small, helps save the lives of homeless individuals and families. When you make a contribution to Switchpoint from your IRA, you’ll be supporting life changing programs, that set them on a new track toward hope, confidence and self-sufficiency.