Tax-free distributions to a charity from your Individual Retirement Arrangement (IRA) held by someone age 70 ½ or older of up to $100,000 per taxpayer each year.

IRA Rollovers are described as a “qualified charitable distribution,” or money that individuals may direct from their traditional IRA to eligible charitable organizations such as the Heart of Virginia Council, Boy Scouts of America. Individuals may exclude the amount distributed directly to a charity from their gross income during that tax year, thereby avoiding income taxes.

Your IRA Charitable Rollover must be made directly from your Individual Retirement Arrangement (IRA) to the Heart of Virginia Council in order to qualify as a tax-free transaction.

Gifts through an IRA can be credited to the following:

Operations

Gifts to this area will be used to support the day-to-day operations of the Heart of Virginia Council. Items such as maintenance and operational expenses for our facilities, support for our “at risk” program participants, insurance costs and program supplies would be included.

Capital Fund

Gifts to this area would support one of our capital improvement projects at Camp or the Council Service Center.  Contact us to find out about the details of a specific project. You can also make an undesignated capital gift.  See the list of capital projects and naming opportunities available.

Endowment Fund

Gifts to this area will support the future needs of the Heart of Virginia Council. Both restricted and unrestricted gifts can be made (hyperlinked). The principle of these gifts will remain intact. Gifts may qualify for the James E. West Fellowship or Second Century Society.