Lifetime Gift from a Retirement Account
How it works
New legislation gives donors aged 70½ and older an opportunity to direct lifetime distributions from their IRAs to the Symphony without incurring income tax liability on the withdrawal. The provision will be in effect for just the 2006 and 2007 tax years. Distributions to the Symphony plus other charitable beneficiaries can total $100,000 per year, and must be made outright — they cannot fund a life-income gift. Just e-mail us and we'll be happy to give you more information about this new charitable incentive.
Donors younger than 70½ can make a withdrawal from their IRA or other type of retirement plan, pay income tax on the withdrawal, and donate the proceeds to the Symphony. These gifts can be made outright or can fund a life-income gift and will generate a charitable deduction for the donor.
For more information
Email us, complete the personal illustration form, or call us at (619) 237-1964 so that we can assist you through every step of the process.
San Diego Symphony Foundation
1245 Seventh Ave
San Diego, CA 92101
(619) 237-1964
