TAX BENEFITS OF GIVING
Do you know that -
You can deduct a gift to the Brentwood Century Foundation from your taxable income? If you itemize, you save tax dollars based on your tax rate.
Rolling money directly from your IRA to the Foundation is not included in your income even if you do not itemize. (The IRA Charitable Rollover allows individuals who are 70 1/2 years old to donate up to $100,000 to charitable organizations directly from their IRA, without that donation being counted as taxable income when it is withdrawn. And, the rollover satisfies required minimum distributions.) Consult with your tax adviser for the actual savings. The Brentwood Century Foundation is a private, non-profit, 501(c)(3) organization, dedicated to preserving Brentwood's history, and embellishing its future, through gifting and service.