Charitable Distributions from your IRA

Charitable Distributions from your IRA 2018-10-30T15:26:11+00:00

Did you know that individuals who are at least 70½ years of age are able to make gifts directly from their IRA? This transfer will count towards your required minimum distribution and is excluded from your taxable income.  It is also a great way to support Calaveras Big Trees Association (CBTA) and our mission to preserve Calaveras Big Trees State Park and enrich the visitor experience.

What You Need to Know:

  • Gifts of up to $100,000 — from either traditional IRAs or Roth IRAs — are excluded from your taxable income and can be used to satisfy your required minimum distribution.
  • The transfer must be made through your IRA account directly to CBTA and must be for an outright gift.
  • There is no income tax deduction for the transfer — the amount is simply not included in your income.
  • For your convenience, this letter contains sample language you may use to request a gift transfer from your IRA provider.

Please consult your tax professional to decide if it is in your best interest to make this transfer and to determine if the charity qualifies.

Contact your financial advisor to start the giving process to:

Calaveras Big Trees Association
PO Box 1196
Arnold, CA  95223-1196
209-795-1196

Calaveras Big Trees Association’s Tax ID # 23-7405964.