Retirement Assets

This page covers IRA Qualified Charitable Distributions (QCDs), the primary way to make charitable gifts from retirement assets during your lifetime.

If you own a traditional Individual Retirement Account (IRA), you are required to take distributions (Required Minimum Distributions – RMD’s) the year in which you turn 73. Generally, RMD’s are included in your taxable income. However, if you make an IRA distribution (up to an annual limit) directly to a qualified charitable organization, like RARE, the distribution is tax free, meaning that no income taxes need to be paid. Not by the individual, not by the charitable organization. This is called a Qualified Charitable Distribution (QCD).

If you are 70 ½ years of age, although RMD’s are not required, you can still make a tax-free QCD directly from your IRA to a qualified charitable organization. This is most beneficial for individuals who take the “standard deduction” when filing income tax returns.

To make your gift, contact the company administering your IRA and request their form to authorize a qualified charitable distribution from your IRA directly to RARE using our details, below.

Please advise us when you authorize a direct gift from your IRA to RARE to ensure we properly account for your generous support. Contact us here.

Given that each person’s situation is unique, please consult your tax advisor.

Name: Roosevelt Alumni for Racial Equity

EIN: 87-1122881

Address: 1791 Evergreen Point Road Medina, WA 98039