Maximize Impact, Minimize Taxes
If you are 70 ½ or older, a gift from your IRA can maximize your charitable impact and minimize your taxes:
Your gift will be put to use today. You get the satisfaction of seeing the difference your donation is making.
You will pay no income taxes on the gift. By making a gift directly to BHF, your gift generates neither taxable income to you nor a tax deduction: you benefit even if you do not itemize your deductions.
Since the gift does not count as income, it may reduce your annual income level. This may help lower your Medicare premiums and decrease your Social Security taxes.
If you are age 73 or older, you can use your gift to satisfy all or part of your required minimum distribution.
Giving through your IRA provides flexibility – you can gift any amount from $5 to $105,000, to create a lasting legacy, and enjoy the benefits listed above.
Create a Gift for the Future
At any age, you can support our lifesaving mission with a full or partial beneficiary designation of a retirement account, life insurance policy, annuity, or your bank or securities account. This simple and flexible gift saves your heirs taxes and ensures the vital future of quality healthcare for our community.