Planned Giving

Charitable IRA Rollover

Please share this information with the friends, particularly anyone over 70 years of age:

Individuals age 70 ½ and older can make a direct transfer of an amount up to $100,000.00 per year, from their IRA to the National Spiritual Assembly as a non-taxable event. This option benefits the National Bahá'í Fund, and can be a great tax savings for the donor. Please note, no additional deduction is permitted for this contribution.

In order to participate in the IRA Charitable Rollover the following criteria must be met:

*The donor must be at least 70½ years of age when the direct transfer is made

*The transfer must be made directly from the IRA administrator to the National Spiritual Assembly, Tax ID 36-2981492, 1233 Central Street, Evanston, IL 60201

*A contribution from the IRA can be any dollar amount but cannot exceed $100,000 per person in a given year

*The direct transfer must be an outright contribution ( i.e establishing a charitable gift annuity with these funds is not permitted).

*Funds from a 401k do not apply

For additional information regarding the IRA Charitable Rollover please contact: Beverly Abercrombie, Planned Giving Coordinator, at 847-733-3495 or babercrombie@usbnc.org or Amin Vargha, Planned Giving Associate, at 847-733-3495 or avargha@usbnc.org.


Deferred Charitable Gift Annuity as an option

The charitable gift annuity program (CGA) is a great option for consideration if you are between the ages of 25 and 101 and have $10,000 with which you can make an irrevocable gift to the National Spiritual Assembly, for the purpose of establishing a CGA. The decision to participate in the program offers you the privilege of leaving a legacy to the Faith, and  will result in a future fixed lifetime income for you after you reach the age of 60. For more specific information please access the brochure here or on our website in the planned giving section or contact Beverly Abercrombie at (847)733-3495 or babercrombie@usbnc.org. Please note: Annuities are not offered in the states of Alabama, New Jersey and Washington at this time.