Teacher helping a student | Ways To Give: Give from Your IRA

Consider a Charitable IRA Rollover Gift!

The Charitable IRA Rollover gift commonly called Qualified Charitable Distribution (QCDs) is a unique opportunity for donors over age 70 1/2. Federal legislation allows you to make a tax-free distribution from your IRA directly to a qualified charity, such as the Education Foundation of Collier County – Champions For Learning. This type of gift lowers your adjusted gross income and effectively reduces your income taxes.

· Distributions must be made from your IRA trustee account directly to Champions For Learning for this gift to count as part of your qualified charitable distribution.

· In 2023 gifts up to $100,000 are eligible and beginning in 2024 this amount will increase annually for inflation.

· This type of gift may help you to satisfy your Required Minimum Distribution (RMD). Beginning in 2023, if you do not withdraw your RMD, you will face a penalty tax of 25% of the required withdrawal amount. QCDs can be used to meet this RMD requirement and avoid penalties.


If you have any questions about an IRA charitable rollover gift, please contact us at plannedgiving@championsforlearning.org. We would be happy to assist you and answer any questions you might have.

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