LOOKING TO SUPPORT DELTA INSTITUTE WHILE REDUCING YOUR TAXABLE INCOME?
Then consider a charitable contribution from your IRA, otherwise known as a Qualified Charitable Distribution.
As a supporter of Delta Institute and our work solving complex environmental challenges in communities across the Midwest, you may be interested to learn that you may make a distribution from your Individual Retirement Account (IRA) to Delta without incurring tax on the withdrawal.
A gift from your retirement plan assets during your lifetime is called a Qualified Charitable Distribution (QCD), or a Charitable IRA Rollover. This type of gift is an excellent way to increase your investment in Delta’s impact while lessening your overall tax obligation.
To qualify for this type of gift, you must:
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- Be 70 ½ or older on the gift date
- Transfer your gift directly from your Traditional or Roth IRA account to Delta
- Make your gift outright, with no goods or services provided to you by Delta
These gifts may:
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- Total up to $100,000 per tax year
- Satisfy your required annual withdrawal from your retirement accounts
- Reduce your overall gross income for federal income tax reporting
Despite what you may think, making a QCD/Charitable IRA Rollover can be straightforward. Please download this instruction letter (a Word Document for you to please fill out based on your circumstances), fill it out, and provide it to your retirement account broker (e.g. Vanguard, Schwab).
If you have any questions, please contact Sidney Freitag-Fey at sfreitagfey@delta-institute.org. Thank you again for kindly considering Delta Institute in your annual giving.