Timothy H. Starkey ’96

The recently passed Legacy IRA Act offers donors a NEW, exciting opportunity to support Peddie and receive additional income. 

Donors age 70 1/2 or older can use IRA funds (a Qualified Charitable Distribution) to create one or two life charitable gift annuities, tax free, up to $50,000. 

The annual limit on direct gifts to Peddie from your IRA will remain $100,000/year, but will now be adjusted annually for inflation.

The mandatory age at which any distribution from an IRA must begin has increased to age 73. However, those aged 70 1/2 to 73 may still begin using a distribution for charitable purposes.

Take this tax-advantageous opportunity to make a difference and leave a legacy at Peddie!  
Timothy H. Starkey, CFP®, ChFC®
Managing Partner, Starkey Financial Partners

Securities and advisory services offered through LPL Financial, a registered investment advisor, member FINRA/SIPC. This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.