IRA / Retirement Account

If you are 70½ or older, you can now make gifts directly from your Individual Retirement Account (IRA) to Globe International without paying federal income tax on the withdrawal.

How It Works

• You must be 70½ or older at the time the gift is made
• You must request from your IRA plan custodian a direct transfer of funds to Globe International, or use the IRA checkbook if provided, for the gift to be tax-free.
• Each individual may give up to $100,000 per year.
• Gifts can be used to satisfy your IRA required minimum distribution once they begin.
• Gifts can be designated for a specific Globe International missionary, campaign, or where the need is greatest.
• Funds held in other retirement plans such as a 401(k) or 403(b) plan are not eligible, but may be rolled over to a standard IRA to then be used for a tax-free rollover gift to charity.

For more information, call our finance planning team at 1-850-453-3453 for confidential personal assistance. Our Tax ID Number is: 23-7453583.

“He who has a generous eye will be blessed, for he gives of his bread to the poor.” Proverbs 22:9

Globe International Ministries Inc. does not provide legal, tax, or investment advice. Individuals should consult with their own professional advisors before proceeding with this type of plan.

VIEW SOLICITATION DISCLOSURE INFORMATION FOR GLOBE INTERNATIONAL MINISTRIES INC. ONLINE AT GLOBEINTERNATIONAL.ORG/DISCLOSURE.