A friendly reminder, IRA owners that are 72 or older may make charitable contributions of up to $100,000 per year directly to the Newman Center without paying income tax on the transaction. If you file a joint return, your spouse may also make a charitable contribution of up to $100,000, meaning couples can exclude up to $200,000 of their retirement savings from income tax if they donate it to a charity. Qualified charitable contributions must be made by December 31st each year in order to exclude that amount from income.
If interested, please consult with your personal tax advisor on the donation and the tax implications. You may make donations directly to the Newman Center or you may make it through the Diocese of San Diego at no additional cost. Please contact Manny Aguilar. Director, Office for Stewardship at firstname.lastname@example.org
or at (619) 672-5872.