Make a Tax-Free Distribution to Charities from an IRA
In 2015, Congress voted to reinstate the IRA Charitable Rollover and it is now a permanent part of the tax code! This legislation allows you to make tax-free charitable gifts from your IRA without claiming any increased income. And, your gift may count towards your minimum distribution requirement.
Here’s how it works:
Individuals who are 70 ½ or older.
What accounts can I transfer from?
Your gift must come directly to us from your Traditional or Roth IRA.
How much can I transfer?
Any amount up to $100,000 per year. This amount will count toward your required minimum distribution, and it will not be treated as taxable income to you.
How do I make an IRA Charitable Rollover?
Contact your IRA provider or use your IRA checkbook to make your gift. IMPORTANT: do not withdraw funds from your IRA in order to donate. The check must come directly from your IRA provider or an IRA checkbook. Click here for a Letter of Authorization which you can fill out and send to your IRA provider.
Can I designate my gift?
Of course! Simply instruct your IRA provider to make a note on your IRA check or contact us. You can direct your gift to the League’s fund for the most pressing need, such as the McApin Ranch, Redwoods Rising, or other projects to protect and restore redwoods.
Can my gift be used to dedicate a redwood grove?
Yes! Many donors have taken advantage of this great opportunity to name a special place in the forest in honor or memory of a family member, a loved one or significant moment.
For further information, please contact me:
Sharon Rabichow, Director of Gift Planning
Save the Redwoods League Tax ID is 94-0843915.
Thank you in advance for your considering of this generous gift. Your generosity makes all the difference in our efforts to protect and restore these special places for generations to come!
Warm wishes for a wonderful holiday season!