Charitable IRA Rollover | Support-old | DPTV
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Charitable IRA Rollover

The Charitable IRA Rollover is back
but not for long!

You have until December 31st to once again make a tax-free gift from your Individual Retirement Account (IRA) directly to Detroit Public Television - WTVS.

It's a smart way to not only enjoy tax savings for 2015 but also support the value of public television.

Here’s
How It
Works

Who

You must be 70½ or older to make an IRA rollover gift to a public charity, like Detroit Public TV.

What

You can give up to $100,000 from your Traditional or Roth IRA.

How

Instruct your plan administrator to send a specific dollar amount directly to The Detroit Educational Television Foundation. Our Federal Tax ID number is: 38-1440200. Your administrator can send the gift by check or electronic transfer. Please let us know of your charitable intentions so we can ensure your gift is processed in an accurate and timely manner.

When

Act now! Your gift must be completed by December 31st in order to receive the maximum benefits for 2015.

Benefits
To You

Required Minimum Distribution

Each dollar of your donation will count towards your required minimum distribution for 2015.

Taxes

You can exclude up to $100,000 of this gift from your Federal gross income - resulting in lower taxable income and possible tax savings ($200K exclusion may apply for taxpayers who are married and filing a joint return).

How

You will have the personal satisfaction of doing more for our community than you originally thought possible.

Tip: This tax savings is especially valuable to donors who are non-itemizers and donors who have reached their limit on itemized charitable deductions.

Please consult with your financial advisor about this win-win opportunity.
For more information, you can also contact
Contact
Roger Hull, VP, Philanthropy & Planned Giving
248-305-3809

You only have until December 31, 2015
to make your gift.
Act today!