You can designate Hope Community Church to receive all or a portion of your estate during or after your lifetime. This can be accomplished through retirement accounts, wills, trusts, and/or life insurance policies.
If you are over 70-1/2 years old, then you may distribute up to $100,000 from your individual retirement account (IRA) directly to Hope Community Church and exclude the contributed amount from your gross income for tax purposes. Further, this amount can be counted towards the IRA’s annual required minimum distribution (RMD).
Consult with your financial and/or tax advisor to analyze your situation and confirm tax benefits.