If you are 70-1/2 or older you may use the IRA charitable rollover to make a tax-free gift to HCH. According to the law, you may transfer up to $100,000 directly to a qualified charitable organization without paying income tax on the distribution.
If you have not taken your required minimum distribution (RMD) for the year, an IRA charitable gift rollover may also satisfy all or part of that requirement.
You may specify a particular usage of your bequest to HCH or allow HCH to best utilize the funds upon receipt. Such will put to use immediately by HCH to make a difference in the lives of our cats.
Happy Cats Haven urges you to consult with your attorney, financial or tax advisor regarding an IRA charitable contribution rollover or RMD. The information provided here does not constitute legal or financial advice.
The Heritage Program provides ways to support our mission as well as a way to ensure your cat is cared for if he or she outlives you. If you do not find an option in our Heritage Program which suits your wishes or needs, please contact us at 719-362-4600 to see if a customized option might be developed for you. Our tax ID# is 45-1633134.