IRA Charitable Gifts
Individuals age 70.5 and older can distribute up to $105,000 from their IRAs to Audubon and other charities without counting the distribution as income.
Good news: The ability to make this gift directly from IRA accounts is now a permanent part of the U.S. tax code. The gift amount counts toward your Required Minimum Distribution (RMD), and your taxable income is lowered by the amount of your qualified charitable distribution (QCD). Gifts must be completed before December 31 to be eligible in the current tax year.
Important points to consider:
- You must be at least age 70½.
- The gift should come directly from your IRA account, in the form of a check.
- The gift may come from a Traditional or a Roth IRA (special exclusions may apply to other types of IRA accounts).
- Although there is no tax deduction, there is NO income tax on the withdrawal.
What are the advantages?
- Benefit Audubon’s work in a meaningful way today.
- Meet your Required Minimum Distribution (RMD).
- Pay no income tax on the amount withdrawn for your gift.
- Give above your deductible charitable limit of 60% of adjusted gross income.
How do I give? Please have your IRA plan administrator send a check to:
ATTN: Office of Gift Planning
National Audubon Society
225 Varick St., 7th Floor
New York, NY 10014
Accompanying paperwork should identify (1) your name and address, and (2) whether your gift is intended for a specific program or for Audubon’s general programs.
Audubon’s Tax ID # is 13-1624102.
Need help or additional information? Contact us or visit our web pages at:
Shari Kolding, Vice President of Gift Planning: 212-979-3033; plannedgifts@audubon.org
The IRA Charitable Donations provision is part of House Resolution 2029 (H.R. 2029, Division Q, “Protecting Americans from Tax Hikes Act of 2015”) signed into federal law on December 18, 2015.