It’s Not Too Late to Complete that Special 2014 New Year Resolution

The-Season-for-GivingThe stock market hit new highs this year, but even if you aren’t in them, this would be a great time to do something you have always said you would do: share a bit of your own good fortune with your less fortunate neighbors.

It’s never too late for a charitable contribution to the work of Samaritan House!

In fact, right up through December 31st you can make a stock or cash donation in any form that would qualify for tax deductions. We can use your help right now, because thousands of families NEED our help right now.  Donate today!

So spread a little of that holiday cheer and feel really great that you have fulfilled your 2014 resolution to be a great neighbor!

Use your IRA to make a charitable gift to Samaritan House – ends Dec. 31, 2013

IRARollover
Your support helps Samaritan House continue to serve those most in need in San Mateo County – including through our annual holiday food & toy distributions.

If you are 70½ or older, you can make a charitable gift of up to $100,000 to Samaritan House from your Individual Retirement Account (“IRA”) to meet your 2013 annual minimum required distribution amount without having to include the transfer as income for federal income tax purposes. However, the law allowing this special charitable IRA rollover, or qualified charitable distribution (“QCD”) expires after December 31, 2013.

To complete your charitable gift, transfers must come from your IRA and be paid directly to Samaritan House. If you have retirement assets in a 401(k), 403(b) etc., you must first roll those funds into an IRA, and then you can direct the IRA plan administrator to transfer the funds from the IRA directly to Samaritan House. You cannot use the rollover to fund either life-income gifts (charitable gift annuities, charitable remainder trusts, or pooled income funds), or donor advised funds or supporting organizations.

If you have questions about completing an IRA charitable rollover to Samaritan House before its expiration on December 31, 2013, please contact Samaritan House’s Director of Development, Lynn Nawahine, at nawahine@samaritanhousesanmateo.org or 650-523-0825.