WAYS TO GIVE:
IRA – Individual Retirement Account
In 2015, the Protecting Americans from Tax Hikes (PATH) Act made permanent the IRA charitable rollover provision, giving individuals age 70 1/2 or older the ability to transfer up to $100,000 a year, tax-free, from an IRA to one or more qualifying charities.
A charitable IRA rollover (from a traditional or Roth IRA) can be a significant way for individuals to make a generous donation to Harbin Hot Springs, while avoiding or mitigating income tax and tax treatment on appreciated assets. The rollover is not subject to the usual percentage limits for charitable deductions.
The qualified charitable distribution (rollover) can satisfy the required minimum distribution (RMD) from the IRA, and may offset most or all of the taxable income recognized through the RMD. Please consult with your financial or retirement advisor about this and contact Harbin Hot Springs for any additional information you may need.
The tax identification number for Harbin Hot Springs is 23-7422390.
If you have any questions, please contact us:
Harbin Fundraising: 707-802-8684
Harbin Hot Springs, PO Box 782, Middletown, CA 95461;