Gifts From Your Retirement Plan
How It Works – Outright Giving
- Sometimes called an “IRA Rollover” or a Qualified Charitable Distribution (QCD), a gift made directly from your qualified IRA can lower your taxable income.
- This gift may only be made by donors age 70½ and older, from qualified IRA accounts.
- Charitable giving (up to $100,000 per tax year) counts toward your Required Minimum Distribution (RMD).
- Click here for more details, and make sure to consult with your tax professional.
- Meet your Required Minimum Distribution (RMD).
- Pay no income tax on the amount withdrawn for your gift.
- Give above your deductible charitable limit of 50% of adjusted gross income.
How It Works – Name Audubon as a Beneficiary
- Name the National Audubon Society, Inc. as a beneficiary of your IRA, 401(k) or other qualified plan.
- Designate Audubon to receive all or a portion of the balance of your plan through your plan administrator.
- The balance in your plan reverts to Audubon after your lifetime.
- Your gift to Audubon is not taxed for income nor for the estate because Audubon is a tax-exempt organization.
- Click here for printable instructions
- Avoid the double taxation your retirement savings would incur if you designated your heir(s) as beneficiary(ies).
- Continue to take regular lifetime withdrawals.
- You can remove Audubon as a beneficiary if your family's needs change.
The National Audubon Society is a not-for-profit 501(c)(3) organization. Our federal tax ID number is 13-1624102.