Ways to Give:
Donate Now → Sign Up for eNewsletter → Download Annual Report →

Gift of IRA/401k/Retirement Account

One of the best ways to save taxes is to give your qualified accounts (IRA, 401k, etc.) to a charity. Retirement accounts are funds that have pre-tax dollars in them. The income tax has been delayed on the money in your account until you withdraw it. For example: as an employee benefit, each pay period your employer puts money in a retirement account for you. Your employer does not take out taxes on this money, nor do you pay taxes on it April 15th. When you retire and began to withdraw the money, you list it as ordinary income on your tax return. These types of accounts allow you to delay paying the income tax until you use it during retirement.

There are two ways to gift retirement money: 1) During Life; and 2) After Death.

  1. During Life:

    Once you reach retirement age, you are required to take minimum distributions (“RMD”) from your retirement accounts each year. A lot of people complain that they do not need the money and do not want to have to pay the income taxes at the end of the year for the money they did not need. So, instead of taking the RMD and paying income taxes on it, they gift that years RMD to Amazing Discoveries. This is a great way for the donor to save on taxes and help advance God’s kingdom.

    Please note, this type of transfer is dependent on current tax laws and you should contact a tax advisor before making the transfer.

  2. After Death:

    Many people do not use all the money in their retirement accounts during their life. When they pass away, the money goes to the beneficiary they named on the account. If the beneficiary is an individual, it subjects that individual to income tax. It can also cause a double tax on the money. For example, let’s say you named your son as the beneficiary of your retirement account, and the value of the account is $100,000. If you die and you have a taxable estate, you will have to pay estate tax, around $40,000. When your son withdrawals the remaining $60,000, he will have to pay $19,800 of income taxes (assuming a 33% tax bracket). This means that of the $100,000 account, your son will only receive about $40,200. Alternatively, if you name Amazing Discoveries as the beneficiary of your retirement account, and gave the rest of your estate to your son, there would not be any estate tax or income tax on the account and Amazing Discoveries would receive the full $100,000.

Giving a retirement account to charity saves on both estate and income taxes. It also does not cost anything to do. All one has to do is change the beneficiary on the account to Amazing Discoveries. This is why retirement accounts are such a great charitable gift. Like the example above, why give 60% to the IRS when you can give 100% to the Lord’s work. If you desire to give to charity, give smart and leave your retirement account to Amazing Discoveries and your other assets to your family.

If you are interested in leaving your retirement account to Amazing Discoveries, or if you would like to learn more, please click here to contact us now.

AD Stories:

When the world out there has completely used me up and drained me to the point that I cannot Show more... even read my Bible, I turn on Amazing Discoveries and am filled up and revived.
 Show less...

Dear Amazing Discoveries, I am eighteen years old. I am so grateful for your undaunting courage to Show more... speak and show the truth. I have been deeply impressed by your messages. I believe in the cause that you are doing. I too want to see the 3 angel's message go "into all the world in this generation." I know the Lord is with you all. The convicting power of the Holy Spirit and the deep truths of the Bible have really impressed by heart, and I would like to see God's work go further. I know you all are endeavoring to do just that because of this I would like to support your cause.
 Show less...

I know it has been a while since the last letter I wrote. I decided it was time Show more... to sit down, take time out to say, Thank You for all the labor, and persevering effort you guys put in to this ministry. You have forever impacted my life! I am overjoyed that you all stepped out in faith and allowed God to use you, in such a way as to touch so many souls. I am forever grateful to God, and you all, at Amazing Discoveries. I am only sixteen. I would not still be here today, had it not been for the Lord and his many servants! This is not an easy time to live in, especially for those who are young. Satan is always tempting all, old and young, rich and poor. Thanks be to God for His longsuffering, and forgiveness! Seeing the videos/sermons/lectures on AD bring not only me, but many others very much comfort. ...The road is not smooth but by His grace, I will carry on.
 Show less...

Free Will - Planning Guide →
Video Testimonies: