IRA charitable distribution an option for giving

Are you facing a required minimum distribution from your traditional IRA? A qualified charitable distribution could help you reduce your taxable income.

With a qualified charitable distribution, you can exclude from taxable income any IRA funds directly transferred to a qualified public charity. (San Isabel Land Protection Trust is 501(c)(3) charitable organization.)

There are limitations:

  • You must be 70½ years of age when the gift is transferred.

  • Total charitable distributions can’t exceed $100,000 per year, per IRA owner.

  • Distributions must be made directly from your IRA to a qualified charity.

  • The gifts cannot be used to establish a charitable gift annuity or fund a charitable remainder trust).

  • You cannot make a qualified charitable distribution from a SEP-IRA or SIMPLE IRA.

Talk to your tax or financial advisor about whether a qualified charitable distribution is right for you.

Janet Smith

Posted in News

  • “We are situated along the Gold Belt National Scenic Byway, where several land trust organizations are involved with protection of lands. San Isabel was extremely well informed. We, and our neighbors, are very pleased with the end result, and the annual monitoring process is unobtrusive. I wish more folks would take the time to learn about the benefits San Isabel offers.”

    – Curt Sorenson, PhD, Fremont County