retirement plan

Anyone over the age of 70½ is required to take Required Minimum Distributions (RMD) annually from their IRA. If you do not need all or a portion of these funds, a tax-wise move is to gift them to a charity under a provision called the Charitable IRA Rollover. The distribution must be made directly by your custodian to Natural Lands (or other charity).

You can transfer up to $100,000 each year directly from your IRA to Natural Lands or another qualified charity (do not withdraw the funds first or they will be subject to income tax). Although you will not receive a tax deduction, you will not owe federal income tax on the funds gifted. Additionally your gift can be counted toward your RMD. We recommend that you make the request before December 20 to allow time for processing. Gifts through your IRA may not be used to fund life-income arrangements, donor advised funds, or private foundations.

Please contact Suzanne Barton, director of planned giving with questions.
610.353.5587 x313 or sbarton@natlands.org

Disclaimer: This information is not intended to be legal or tax advice. Please consult your lawyer or accountant to decide if this form of giving is appropriate for your circumstances.