IRA Charitable Rollover Instructions
If
you are age 70 ½ or older, with a traditional IRA, you are eligible to make a
donation to WRC directly from your IRA. Generally speaking, IRA gifts are tax
free. Many of our supporters are turning to these tax-wise gifts to increase
their impact. Those who need to fulfill a Required Minimum Distribution
(RMD) can support our mission while lowering their tax burden.
Here is a downloadable IRA Rollover Instruction
form for your Plan Administrator.
Important to remember:
- You must be 70 ½ years or older at the time of the distribution from your IRA to qualify.
- Depending on the year
you were born, either at age 72 or age 73 and beyond, your gift distribution
qualifies toward your calendar year required minimum distribution (RMD).
- Your total non-taxable yearly distribution to one or more qualified
501c3 charities, including Western Rivers Conservancy, is limited to
$100,000 each calendar year.
- You will need to contact your IRA Plan Administrator and request
they distribute the rollover amount directly to Western Rivers
Conservancy and specify if you would like to be acknowledged for the gift.
- The check issued from your IRA must be made payable to Western Rivers Conservancy.
The transfer of your IRA distribution must be made directly by your plan administrator to Western Rivers Conservancy by December 31 to qualify for that tax year.
For further information, please contact Jim Cox, Director of Donor Relations at (503) 241-0151 ext. 226 or jcox@westernrivers.org.
Our Mailing Address:
Western Rivers Conservancy
71 SW Oak Street, Ste. 100
Portland, OR 97204
This information is not intended as financial or legal advice. Please consult with your own personal tax advisor for advice and further details.
