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

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  • “Because San Isabel is pro-agriculture, we were able to work closely with them to craft the contract we felt comfortable with. It allows us to capture revenue off the land while still living on it and maintaining full autonomy of ownership.”

    – Elin Parker Ganschow, Music Meadows Ranch and Sangres Best