As part of the American Taxpayer Relief Act of 2012, individuals age 70 1/2 or older may make tax-free transfers up to $100,000 from an IRA to Shepherds Theological Seminary or a charity of their interest for the 2013 tax year.
Gifts for the 2013 tax year may be made until December 31, 2013. These transfers would fulfill some or all of your required minimum distribution without increasing taxable income.
For more information, please call the Office of Advancement at 919-390-1114.
For your benefit, we have included examples of pre-drafted letters. You would simply need to send one letter to STS and one to your IRA Administrator.