It may be possible to make a gift of a portion or all of your individual retirement account (IRA), up to a certain limit, directly to the seminary without first taking a distribution on which you would be required to pay taxes. Because tax law has not been consistent on this option, you should consult your tax adviser before making such a transfer.
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Lower Your Taxes with an IRA Gift Posted in: Gifts of an IRA - As a PSCE student, Ginger Scott realized that gifts from many Presbyterians kept her class fees low. That realization is the fundamental reason she and her husband Tom continue to support Union today. Read More
