Giving from your IRA

IRA rollover gifts — often referred to as “qualified charitable distributions” or “QCDs” — can be an easy and effective way to make a gift to RMHC Central Valley. IRA owners age 70 ½ or older can make a direct, tax-free transfer of up to $100,000 a year from their individual retirement account to a registered non-profit like RMHC Central Valley. Distributions can be taken from Traditional IRAs as well as SIMPLE and SEP IRAs.

Benefits of an IRA rollover gift

  • Reduce your taxable income
  • Donation counts toward your annual required minimum distribution (RMD) if you are at least 73 years old. If you do not want or need the funds of an RMD, QCDs are a good way to support RMHC Central Valley and save on your taxes.
  • Have an immediate charitable impact!

How to make an IRA Contribution

  • Contact your IRA administrator and instruct that person to transfer funds to the charity you designate. Your IRA administrator must make the distribution directly to RMHC Central Valley, or you may write a check from your IRA checkbook.
  • Help us credit your gift and thank you by having your IRA administrator include your full name and mailing address on the gift. Additionally, have your administrator note that the transfer is an IRA Qualified Charitable Distribution.

Another Retirement Account Strategy

If giving from your retirement account now does not best fit your needs, it may be better to transfer IRA assets to RMHC Central Valley after you have passed away. This is easily done by naming RMHC Central Valley as a primary or contingent beneficiary of the IRA on a beneficiary designation form available from your IRA’s administrator.