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Can I transfer my IRA to San Francisco Opera to set up a life-income gift, and avoid income tax on the transfer?

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Can I transfer my IRA to San Francisco Opera to set up a life-income gift, and avoid income tax on the transfer?

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No, although can make a taxable withdrawal from your IRA or other type of retirement plan, pay income tax on the withdrawal, and donate the proceeds to us. These gifts can be made outright or can fund a life-income gift and will generate a charitable deduction for the donor.

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