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IRA, Retirement and Financial Accounts, Life Insurance, Real Estate

Giving Through Your IRA

Individuals who are 70½ years old or older may contribute up to $100,000, tax free, from an IRA to a charitable organization of their choice without reporting the withdrawal as taxable income. Additionally, such charitable contributions may be used to fulfill all or part of one’s required minimum annual distribution.

Signed into law on December 29, 2022, many taxpayers can now give from their IRAs to fund a life income gift, such as a charitable gift annuity or a charitable trust. This may be a one-time qualified charitable distribution (QCD) or multiple QCDs within a single year, totaling no more than $50,000.

If you are considering a charitable gift from your IRA, we encourage you to consult an accountant or financial advisor.

Designate CBE as a Beneficiary

Extend your influence and impact for generations to come. Designate CBE as a beneficiary of life insurance, retirement assets, real estate, or other financial accounts. These gifts generally escape estate, inheritance, and income taxes.

When you leave your retirement funds to family, you create a taxable event. This gift will be treated as income when they withdraw the funds, and your loved ones will be taxed accordingly. However, by giving retirement funds to CBE, you eliminate the tax bill and provide meaningful support for the mission of CBE that means so much to you. Then, you can give more tax-efficient gifts from your will to provide for the needs of your loved ones.

Simply designate CBE as a beneficiary on the forms provided by your life insurance provider, retirement plan administrator, or financial institution, and specify the amount you want to give.

What you need from us:

Legal Name: Christians for Biblical Equality

122 West Franklin Ave, Suite 610

Minneapolis, MN 55404-2426

Tax ID Number: 41-1599315

By letting us know about your planned gifts, you can help us plan ahead to meet the ministry needs about which you care so much. You also give us the opportunity to thank and honor you now for the difference you will make long after your lifetime.

Let us know by calling Julene at 612-842-1028 or emailing jholt@cbeinternational.org.