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How should a donor make an IRA Withdrawal-gift?

April 26, 2017donor IRA withdrawal-gift

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How should a donor make an IRA Withdrawal-gift?

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The IRA owner should withdraw the desired amount this year and make the gift by December 31, 2005. Warning — some IRA custodians take two to three weeks to process withdrawal requests! IRA owners should make the withdrawal request by early December to allow time for processing by the IRA custodian. Donors must have the cash available and complete the cash charitable gift by December 31st to qualify.