Benefits of giving

 Did you know…
 
For those who do not itemize their taxes, there are ways to contribute to the Benevolent Association that may also reduce the amount of taxes you pay by decreasing your taxable income.
 
IRA Distribution
If you are required to withdraw a minimum distribution from your traditional IRA account each year (those 70 1/2 or older), by giving all or part of that distribution to the BA (or other qualifying charity) you will not be taxed on the amount of the distribution. There are certain steps to follow.  Please check with the financial institution that manages your IRA.  

Gifts of Appreciated Securities
Another way to give to the BA, and possibly reduce your taxes is to give a gift of appreciated stock. By doing this, you will not be required to pay taxes on the increased value of the stock.
 
For additional information, please contact Jennie Christensen, Director of Development at 1-800-662-9937 ext. 2116 or jchristensen@chbenevolent.org.
 
Thank you for your help in providing our Christian Science nursing services and training.
 
Please note: this is not meant to be legal or tax advice. Please consult with your investment advisor or tax professional to determine the consequences of your gift.