It is possible when you support Children International through your IRA.
You can give any amount up to the maximum* this year from your IRA directly to a qualified charity such as Children International without having to pay income taxes on the money. You can feel good knowing that you are making a difference at Children International. 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.
*The maximum donation amount changes every year. Please contact us or your financial advisor for the current maximum amount.
No. You must be 70½ by the date you make the gift.
Yes. Direct gifts to a qualified charity can be made only from an IRA. Under certain circumstances, however, you may be able to roll assets from a pension, profit sharing, thrift savings plan (TSP), 401(k) or 403(b) plan into an IRA and then make the transfer from the IRA directly to Children International. To determine if a rollover to an IRA is available for your plan, speak with your plan administrator.
Yes, absolutely. Beginning in the year you reach the age the IRS allows you to do this (contact us or your financial advisor to find out the current age), you can use your gift to satisfy all or part of your RMD.
No. You can give any amount up to the maximum (please contact us or your financial advisor to find out the current allowed maximum) under this provision. If your IRA is valued at more than the maximum, you can transfer a portion of it to fund a charitable gift.
We must receive your gift by Dec. 20 to ensure that it can be processed before the calendar year ends.
No. Under the law, you can only give a total of the maximum amount each year. You can divide the maximum amount to as many charities as you want to. However, the total can only be for the maximum amount.
If you have a spouse (as defined by the IRS) who is 70 1/2 or older, they can also give any amount up to the maximum from their IRA.
Yes, if you are 70 1/2 or older, you may make a one-time election for a qualified charitable distribution of up to an amount determined by the IRA each year (contact us or your financial advisor for this year's amount) from your IRA to fund a life-income gift. Some limitations apply, so contact us for more details and a personalized illustration at no obligation.
By making a gift this year of any amount up to the maximum allowed by the IRS from your IRA, you can see your philanthropic dollars at work. You are jump-starting the legacy you would like to leave and give yourself the joy of watching your philanthropy take shape.
If you are 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.
No matter your age, you can designate Children International 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 is 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.
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Federal tax ID number: 44-6005794
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.
