Director of Planned Giving

Michael Afflitto, CAPĀ®

Michael Afflitto, CAP®
Southern New England Division
855 Asylum Avenue
Hartford, CT 06105
Toll Free: 1-888-468-5356
Tel: 860-702-0070 Direct
Email: Michael.Afflitto@use.salvationarmy.org


Planned Giving Options


Recent Newsletters


IRA Rollover

Plan now to make a tax-free gift from your IRA in 2017

Easy IRA Gifts for Donors Age 70½ and Older. The permanent rules allowing tax-free gifts from IRAs to charity make it easier than ever to plan ahead and use this giving strategy (often called a qualified charitable distribution or IRA charitable rollover). It's a simple but highly effective way to minimize the tax bite associated with IRA required minimum distributions (RMDs).

Benefits of this gift include:

  • A transfer from your IRA to The Salvation Army Southern New England Division (up to $100,000) counts toward your RMD, and no tax is due!

  • Satisfies IRA Required Minimum Distribution for people 70 ½ years or older

  • Does not increase the taxable portion of Social Security benefits

  • Is not subject to the 50%-of-income limitation that applies to charitable deductions

 

Considerations of this gift include:

  • Cannot be used to fund a life income arrangement (CGA or CRT)

  • Must be made directly from trustee of the IRA to The Salvation Army

  • Gift is not deductible, but does avoid federal and most state income tax

 

How much is your RMD?

  • Use our calculator at salvationarmy.IRArollover.info to estimate your 2017 required minimum distribution, and let us know if you are planning an IRA Charitable Rollover gift. We’ll be happy to help you explore the many ways you can make an impact on our mission.

For more information, please contact:

Michael Afflitto

Director of Planned Giving

860-882-7101

Toll-Free 888-468-5356

Michael.Afflitto@use.salvationarmy.org