Do you or your clients have retirement accounts and want to support charities? Donors who are 70 ½ or older can give to charity from their retirement accounts and get a tax break.
Benefits include:

• The gift comes from the donor’s retirement account, using pre-tax dollars.
• The gift amount is excluded from their taxable income.
• The gift amount can be applied towards the donor’s required minimum distribution.
• An easy way to help CCF meet basic needs and make lasting change across Los Angeles County!

Bottom line: donors can maximize their charitable giving while minimizing their tax burden!

Here Are the Rules:

• The gift must be from a Roth or Traditional IRA.
• The gift must be made from the IRA administrator to a qualifying charity, such as the California Community Foundation.
• Gifts made to a donor-advised fund, supporting organization, or private foundation do not qualify.
• Gifts from retirement accounts are limited to $108,000 per individual per year and $216,000 for couples filing jointly.

Note: The IRS does not consider gifts from retirement accounts to donor advised funds to be Qualified Charitable Distributions (QCDs), so those transfers will not enjoy the tax benefits listed above.

Gifts from retirement accounts to CCF’s Impact Fund, Field of Interest, or Scholarship Funds qualify as QCDs.

For more information, please contact us at donorrelations@calfund.org.