Donate Through Your IRA
If you are 70 ½ years old, you can give up to a maximum of $100,000 per year from your IRA directly to a qualified charity like PEER without having to pay income taxes on the money. Gifts of any value $100,000 or less are eligible for this benefit. This 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.
Make a Qualified Gift Distribution from your IRA Today.
Learn More about Giving with your IRA
For more information about donating to PEER with your IRA, contact Helen Jenkins at firstname.lastname@example.org or (202) 524-4399
Giving to PEER from your IRA can, in certain circumstances, satisfy all of your required minimum distribution (RMD) requirement.
You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions. Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax. The Protecting Americans from Tax Hikes (PATH) Act has made the IRA charitable rollover permanent.
- You must be at least age 70 ½ at the time of the gift your distribution to PEER.
- Distributions should be made from your IRA administrator directly to PEER in order to maximize potential tax savings.
- Distributions must be made from a traditional IRA or Roth IRA.
- Some plans such as 401k, 403b, SEPs are not eligible.
- Please contact your plan administrator for more details and options.
- The charitable distribution must be complete by December 31 in the year it is claimed.