About Making Tax-Free Charitable Distributions from your IRA

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It’s Easy!

Donors aged 70½ or older can ask their IRA custodian to transfer up to $100,000 in 2019 and each year thereafter to a qualified not-for-profit like Food For Thought.

  • Distributions can only be made from traditional Individual Retirement Accounts. Charitable donations from 403(b) plans, 401(k) plans, pension plans, and other retirement plans are ineligible for the tax-free treatment.

  • The value of these gifts will not be counted as part of your adjusted gross income (AGI) so you will not pay income taxes on the amount distributed directly as gifts.

  • However, these gifts will not qualify for charitable contribution income tax deductions.

  • If you have not taken your required minimum distribution (RMD) for the year, your IRA Qualified Charitable Distribution can satisfy all or part of that requirement

  • They cannot fund a charitable gift annuity or be given as a contribution to a charitable remainder trust or our Pooled Income Fund.

  • Transfers to private foundations, donor-advised funds and supporting organizations do not qualify.

  • No goods or services may be received in exchange for these contributions

  • Contact your IRA administrator for instructions on how to direct your tax free gift.

GIFTS DIRECTED FROM YOUR IRA ADMINISTRATOR SHOULD BE MADE PAYABLE TO: Food For Thought, 6550 Railroad Ave., Forestville, CA 95436