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IRA
If you are 70½ years old or older, take advantage of a simple way to benefit Blue White Scholarship Foundation and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity such as ours without having to pay income taxes on the money.
Click to see how this provision of the tax law works.
Why Consider this Gift?
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Your gift is put to use today. You can see the difference your donation makes.
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You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction. You benefit even if you don't itemize deductions.
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Donating the full or partial amount is a great way to satisfy your RMD without reporting additional current income.
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