Private Partners

A Legacy that will last a lifetime.

When you include Pony 4 Precious in your will or living trust, you create a legacy that will continue on for many years to come. In as little as one sentence, you are able to complete your gift. And, it can be written flexibly to allow for changes should your life circumstances change.

• It is recommended that you talk with your estate attorney and/or tax professional when considering a charitable gift through a living will or trust.

Please feel free to contact  Mike Eastwood at  (928)  636-1500 or pony4precious@gmail.com with any questions you may have.

What is the IRA Charitable Rollover?

• If you are age 70 ½ or older, you can make a gift of up to $100,000 from your IRA (traditional or Roth) to support Pony 4 Precious.
• This strategy works for whether you itemize on your taxes or not.

Why this may be a good gift option?

• The gift counts against your required minimum distribution for the year.
• The gift is excluded from your taxable income — which is a nice tax benefit.
• It may prevent you from being pushed into a higher tax bracket and help you avoid the limit on charitable deductions.
• It is easy to make — you simply notify your IRA custodian.
• It minimizes the effect on cash flow because the gift is from your assets, not your checkbook.

The gift will be put to use today, allowing you to see the difference your donation is making. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.

If you have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.

A few questions answered:

Q: I’ve already named Pony 4 Precious as the beneficiary of my IRA. What are the benefits if I make a gift now instead of after my lifetime?

A: By making a gift this year of up to $100,000 from your IRA, you can see your philanthropic dollars at work. You are jump-starting the legacy you would like to leave and giving yourself the joy of watching your philanthropy take shape.

Q: I’m turning age 70½ in a few months. Can I make this gift now?

A: No. The legislation requires you to reach age 70½ by the date you make the gift.

Q: I have several retirement accounts—some are pensions and some are IRAs. Does it matter which retirement account I use?

A: Yes. Direct rollovers to a qualified charity can be made only from an IRA. Under certain circumstances, however, you may be able to roll assets from a pension, profit-sharing, 401(k) or 403(b) plan into an IRA and then make the transfer from the IRA directly to Prevent Child Abuse Arizona. To determine if a rollover to an IRA is available for your plan, speak with your plan administrator.

Q: Do I need to give my entire IRA to be eligible for the tax benefits?

A: No. You can give any amount under this provision, as long as it is $100,000 or less this year. If your IRA is valued at more than $100,000, you can transfer a portion of it to fund a charitable gift.

Q: I have two charities I want to support. Can I give $100,000 from my IRA to each?

A: No. Under the law, you can give a maximum of $100,000. For example, you can give each organization $50,000 this year or any other combination that totals $100,000 or less. Any amount of more than $100,000 in one year must be reported as taxable income.

Q: My spouse and I would like to give more than $100,000. How can we do that?

A: If you have a spouse (as defined by the IRS) who is 70½ or older and has an IRA, he or she can also give up to $100,000 from his or her IRA.

• It is recommended that you talk with your tax professionals if you are considering a charitable gift under the extended law.

Please feel free to contact  Mike Eastwood (928)  636-1500 or pony4precious@gmail.com with any questions you may have.

A charitable remainder trust (CRT) is a giving strategy that can generate income for you and your loved ones while also creating a space for you to pursue your philanthropic goals. They offer some flexibility and control over your charitable intent while providing lifetime income.

When you elect this form of giving and make contributions to the trust, you may be eligible for a partial tax deduction based on the assets that will be passed on to Pony 4 Precious.

This strategy creates wonderful benefits to you and your designated loved ones while also producing transformational gifts to Pony 4 Precious down the road.

• It is recommended that you talk with your estate attorney and/or tax professional when considering a charitable gift through a charitable remainder trust.

Please feel free to contact  Mike Eastwood at (928)  636-1500 or pony4precious@gmail.com with any questions you may have.

An endowed gift is a gift of cash or other assets to Pony 4 Precious (a nonprofit 501(c)3) who commits to using the gift in the way you have requested and to invest the funds in a way that will generate growth in the funds in perpetuity.

Pony 4 Precious will establish an account with the Arizona Community Foundation that allows your endowed gift to keep on giving.

• It is recommended that you talk with your estate attorney and/or tax professional when considering a charitable gift through a charitable remainder trust.

Please feel free to contact  Mike Eastwood at (928) 636-1500 or pony4precious@gmail.com with any questions you may have.