IRA Charitable Rollover
How IRA charitable rollovers work
Individuals who are age 70 ½ or older may direct gifts from their IRA account administrator to Salem Hospital in any amount up to $100,000 in any tax year. This amount is excluded from your adjusted gross income, which makes it tax free. For this reason IRA assets are increasing in their popularity.
Salem Hospital can provide you with a sample letter and instructions to share with your IRA account administrator. If you would like to learn more or receive this letter, please contact Sara Andrews, Senior Vice President of Development, at 978.825.6250.
All IRA charitable distribution donors are recognized as members of our 1874 Charter Society