Gifts from your IRA

Gifts from your IRA

The IRA Qualified Charitable Distribution (QCD) allows you to make a tax-free gift of up to $100,000 to Road Scholar directly from your IRA. Start your end-of-calendar-year planning early to take advantage of this opportunity.

How it Works
  • Donors aged 70 1/2 or older can ask their IRA custodian to transfer up to $100,000 this year and each year thereafter to a qualified not-for-profit like Road Scholar. 
  • Distributions can only be made from traditional Individual Retirement Accounts. Charitable donations from 403(b) plans, 401(k) plans, pension plans, and other retirement plans are ineligible for the tax-free treatment.
  • The value of these gifts will not be counted as part of your adjusted gross income (AGI) so you will not pay income taxes on the amount distributed directly as gifts.
  • However, these gifts will not qualify for charitable contribution income tax deductions.
  • If you are 72 years of age or older and have not taken your required minimum distribution (RMD) for the year, your IRA Qualified Charitable Distribution may satisfy all or part of that requirement
  • They cannot fund a charitable gift annuity or be given as a contribution to a charitable remainder trust or our Pooled Income Fund.
  • Transfers to private foundations, donor-advised funds and supporting organizations do not qualify. · No goods or services may be received in exchange for these contributions
  • Contact your IRA administrator for instructions on how to direct your tax free gift.

You can learn more about giving through your IRA and other tax-wise gifts that support of educational travel for older adults here

For more information, or to discuss how you may direct your gift, please contact:

Ann Lamond

Director, Planned and Major Gifts
Call toll free: (877) 737-0664

The purpose of this website is to provide general information only. For advice in specific cases, the services of an attorney or other professional advisors should be obtained.

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