Making a Qualified Charitable Distribution from your IRA

LOOKING TO SUPPORT DELTA INSTITUTE WHILE REDUCING YOUR TAXABLE INCOME?

CONSIDER A QUALIFIED CHARITABLE DISTRIBUTION, ALSO KNOWN AS A CHARITABLE IRA ROLLOVER

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:

  • 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:

  • 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, 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, Director of Development and Communications, at sfreitagfey@delta-institute.org or at 312-651-4344. Please note that if you contribute more than $1,000 annually to Delta, you become a member of Delta’s Leadership Circle, providing you a deeper level of engagement with Delta that will provide you with behind the scenes info, event invitations, and expert presentations. Thank you again for kindly considering Delta Institute in your annual giving.

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