Give the gift of stock or IRA distribution this holiday season

Give the gift of stock or IRA distribution this holiday season

With only days left to 2017, many are considering their year-end charitable contributions.

You can help us spur on ovarian cancer research with a donation to MOCA – or by making a gift of stock of a gift from your IRA to MOCA.

Making a gift of stock, bonds or mutual funds usually results in a tax deduction for the full fair market value.

If you are 70 ½ years of age or older, making a gift of assets from your IRA counts towards your Required Minimum Distribution.

While charitable contributions are limited to 50% of your annual Adjusted Gross Income (AGI), a contribution from your IRA is not limited in this way. A contribution from your IRA lowers your AGI, which is more valuable than taking a charitable deduction, and the distribution is tax-free.

Questions about giving a gift of stock of an IRA distribution to MOCA before December 31? Call the MOCA office at (612) 822-0500 or email us.