IRA Charitable Rollover
If you are 70½ years old or older, you can take advantage of a simple way to benefit The Sisters of the Holy Names and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity such as ours without having to pay income taxes on the money.
This law does not have an expiration date. You are free to make gifts to our organization this year and into the future.
Why Consider This Gift?
- Your gift will be put to use today, allowing you to see the difference your donation is making.
- 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.
- If you have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.
If you have questions, Contact Us.
By Patricia Welch Newton
The Sisters of the Holy Names have been a part of our family since my mother, Gertrude O’Toole, attended high school at the Convent of Our Lady of the Sacred Heart at Lake Merritt, Oakland. When it was time for me to go to school, I attended Holy Names High School (HNHS), graduating in 1946. After completing my degree at San Jose State University, I received my teaching credential from Holy Names College (now Holy Names University). At HNHS, I was deeply influenced by Sister Mary Christine, my sophomore homeroom teacher, and Sister Mary Edmund, our Dean of Students…