Project Description

IRA Charitable Rollover

Interested in an IRA charitable rollover gift? Review the requirements and restrictions below:

  • Donor must be 70 1/2 or older.
  • Gift must be made directly from the IRA to an eligible charitable organization.
  • Gifts to all charities combined may not exceed more than of $100,000 per taxpayer for the year.
  • No material benefits can be received in return for gifts.
  • Gifts may not be made to a donor advised fund, supporting organization, or private foundation.
  • The gift is not included in taxable income; thus, no charitable deduction is allowed.
  • Gifts must be made from an IRA. Gifts from 401(k), 403(b), and 457 plans are prohibited.

Ready to make your gift? Review these next steps:

  • To make a charitable IRA rollover transfer, contact your IRA administrator and instruct that individual to transfer funds to the charity, or multiple charities, you designate.
  • Contact the Two01 Basketball Academy, Inc. at (845) 428-9601. We will answer any questions you have and provide instructions for completing your gift.
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STACEY DANIELS • EXECUTIVE DIRECTOR

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Always Do Your Part
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We are Developing student athletes into Complete Student Athletes through mentorship, educational development programs, Study halls, and extracurricular activities like college tours, Project Recruit ME, Project Mentor ME, Basketball Outreach Initiative

CHANGE A LIFE TODAY

As long as poverty, injustice & inequality persist, none of us can truly rest. It doesn’t take much to change a life, Get in touch today and start making the difference.

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