The Heritage Club

You can designate Boys & Girls Clubs of the Bay & Lakes Region as a full or partial beneficiary of your qualified retirement plan (IRA, 401(k), 403(b)) using a beneficiary form. Avoid possible taxes for IRA or retirement plans left to non-spousal relatives by naming the Boys & Girls Clubs of the Bay & Lakes Region as the beneficiary.

IRA Charitable Rollover
Are you 70 ½ or older? You can direct up to $100,000 of your required minimum distribution (RMD) to charity and pay no income taxes.

Learn more about IRA Charitable Rollovers
Permanent since 2015, the IRA Charitable Rollover allows you to make annual gifts to the Boys & Girls Clubs of the Bay & Lakes Region for the benefit of your preferred designation within the Boys & Girls Clubs from your IRA this year and well into the future.

Details
Individuals 70½ or older may transfer up to $100,000 annually from their IRAs directly to qualified charitable organizations (including Boys & Girls Clubs of the Bay & Lakes Region for the benefit of your preferred designation within the Clubs) without being subject to income taxes on the distribution. This gift may also count toward your RMD.

Specifics to consider include:
• You must be at least age 70½ or older at the time of the gift.
• You can transfer up to $100,000 directly from your IRA to Boys & Girls Clubs of the Bay & Lakes Region (EIN 39-6102943) for the benefit of your preferred designation within the Clubs.
• This opportunity applies only to IRAs and not other types of retirement plans.
• Your plan administrator must transfer the funds directly to one or more qualified charities.
• Rollover transfers to charitable gift annuities, charitable remainder trusts, or donor advised funds are not permitted.

How it Works
Making an IRA charitable rollover gift to Boys & Girls Clubs of the Bay & Lakes Region for the benefit of your preferred designation within the Clubs is an easy three-step process.

1. Initiate the Transfer.
Inform your plan administrator that you would like to allocate a specific dollar amount or percentage of your RMD to Boys & Girls Clubs of the Bay & Lakes Region under the charitable rollover provision.

2. Instruct Your Plan Administrator to Send Your Rollover Donation.
Ask your administrator to send your check or wire your funds.
• If your donation is coming by check, ask your administrator to:
   • Make the check payable to:
       Boys & Girls Clubs of the Bay & Lakes Region
       Attn: Kori Coffeen
       1451 University Ave
       Green Bay, WI 54302
• Place your name and desired designation on both the distribution check’s memo line and accompanying stub.
• If your donation is coming by wire transfer, contact Julia Verhaagh at Boys & Girls Clubs of the Bay & Lakes Region at 920-494-7090 ext. 1011 for up-to-date transfer instructions.

3. Notify us.
Regardless of your method (check or wire transfer) for your rollover gift, please let us know when you make your gift and its amount so that we can credit, acknowledge, and receipt your gift appropriately.

Please reach out to Kori Coffeen at kcoffeen@bayandlakes.org with any questions. Your Boys & Girls Clubs of the Bay & Lakes Region contact can provide a letter to help you initiate your transfer as well as, provide up-to-date wire transfer instructions.

NOTE: Boys & Girls Clubs of the Bay & Lakes Region does not provide tax, legal or accounting advice. The above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.