Make a Gift Tax-Free With An IRA

Your Gift Matters

Make a Big Impact with a Future Gift

A Tax-Saving Way to Help TRWC

Make a difference today and save on taxes. It’s possible when you support TRWC through your IRA.

 

A Special Opportunity for Those 70½ Years Old and Older

You can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity such as TRWC without having to pay income taxes on the money. Gifts of any value $100,000 or less are eligible for this benefit and you can feel good knowing that you are making a difference at TRWC. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.

 

Why Consider This Gift?

  • Your gift will be put to use today, allowing you to see the difference your donation is making.
  • Beginning in the year you turn 72, you can use your gift to satisfy all or part of your required minimum distribution (RMD).
  • You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
  • Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.

 

For Those 59½ Years Old or Older

If you’re at least 59½ years old, you can take a distribution and then make a gift from your IRA without penalty. If you itemize your deductions, you can take a charitable deduction for the amount of your gift.

 

At Any Age

No matter your age, you can designate TRWC as the beneficiary of all or a percentage of your IRA and it will pass to us tax-free after your lifetime. It’s simple, just requiring that you contact your IRA administrator for a change-of-beneficiary form or download a form from your provider’s website.

Tip: It’s critical to let us know of your gift because many popular retirement plan administrators assume no obligation to notify a charity of your designation. The administrator also will not monitor whether your gift designations are followed. We would love to talk to you about your intentions to ensure that they are followed. We would also like to thank you for your generosity.

Next Steps

  1. Contact Donald Kaatz at                   440-899-0700 or wetlands@twrc.org for additional information on giving a gift of cash.
  2. Seek the advice of your financial or legal advisor.
  3. If you include TRWC in your plans, please use our legal name and federal tax ID.

Legal Name: Toussaint River Watershed Conservancy
Address: 28901 Clemens Road, #107, Westlake, Ohio 44145
Federal Tax ID Number: 85-3833243

TRWC | 28901 Clemens Road, Suite #107 | Westlake, Ohio 44145 | Phone: (440) 899-0700| wetlands@thetrwc.org