IRA

Make a difference today and save on taxes. It is possible when you support the LSS Foundation, Inc. through your IRA.

A SPECIAL OPPORTUNITY (age restrictions apply)

At certain ages (please check with your financial advisor for current age restrictions), you can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity such as the LSS Foundation, Inc. without having to pay income taxes on the money. Gifts of any value $100,000 or less are eligible for this benefit and you can feel good knowing that you are making a difference at LSS. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.

WHY CONSIDER THIS GIFT?

• Your gift will be used today, allowing you to see the difference your donation is making.
• If you are required to take minimum distributions, you can use your gift to satisfy all or part of your RMD obligation.
• You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
• Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.

Please discuss with your advisors (financial, tax, legal) the opportunities afforded to your personal situation and how this option may benefit you and your beneficiaries.