TAX-FREE GIFT INFORMATION
CONGRESS HAS NOT YET EXTENDED THIS GIFTING OPTION FOR 2012. AS SOON AS WE HEAR WE WILL POST AT THIS LOCATION.
President and Congress Sign Extension That Continues To Allow TAX-FREE GIFTS From IRA’S in 2010 and 2011
If you are 70½ years or older Congress has authorized tax-free gifts from your IRA in 2010-2011allowing you to continue your support for Grace Bible College during these difficult economic times.
- You may contribute up to $100,000 to qualified 501 C-3 oganizations.
- It will reduce your taxable income.
- Cut taxes on Social Security Benefits.
- While you cannot claim a charitable deduction for
- IRA gifts you will not pay income tax on the amount gifted.
To make a tax-free gift to GBC simply contact your IRA plan administrator now then notify our Development Office of your plans so we may properly track and receipt this gift.
These gifts may be given unrestricted or for a specific purpose such as the Beyond the Bricks Capital Campaign project.
Please contact us should you have questions. We have a letter you may want to use to make the request to the trustee of your IRA. Or you may go to gbcol.edu and click on the giving tab to download the necessary forms.
Download Request for IRA Transfer Form, click here.
Grace Bible College Development Office
Steve Hilbrands – Phone 616.261.8565 or email@example.com