Other Giving Options
If you are 70-1/2 years or older, have you thought about taking advantage of the IRA Charitable Rollover provision and making a pledge from your IRA? This provision allows you to make an outright gift directly from your IRA to a qualified charity (Covenant) without paying tax on the distribution. This is an excellent way to use your IRA dollars. One hundred percent of your gift goes to Covenant, and you pay zero percent tax on your distribution from your IRA.
Giving stock through your investment broker allows you to maximize your tax deductions. Please contact Ingrid Smith in the Finance Office for stock transfer instructions.