IRA Charitable Rollover
Making a gift to the Arboretum Foundation from your IRA is a tax-wise way to enrich the lives of your family, friends and neighbors.
If you are 70½ or older, the IRA Charitable Rollover allows you to make a qualified charitable distribution (QCD) directly from your IRA. Gifts up to $100,000 are excluded from your federal income. If you file a joint return, each spouse can exclude up to $100,000 for a maximum of $200,000 each year. This charitable distribution will even count towards your required minimum distribution (RMD).
You can enjoy these special tax savings so long as:
- The distribution is made from either your Traditional or Roth IRA.
- The distribution is made to a qualified charitable organization, like the Arboretum Foundation.
- The distribution is made directly by your plan administrator to the Arboretum Foundation.
A gift made from your IRA will never count as income but always make a difference!
IRA Charitable Rollover Instructions
Contact your plan administrator and request a qualified charitable distribution be made directly to the Arboretum Foundation. It’s important to know that if you receive the distribution first and then donate the proceeds, the gift will not count as a qualified charitable distribution. We encourage you to consult with your advisors to fully understand the legal and financial impact of your charitable gift.
You can make a gift to the Arboretum Foundation from your IRA by completing three simple steps.
1. Initiate the Gift
The first step is to notify your plan administrator of your desire to make a gift directly from your IRA to the Arboretum Foundation (EIN 91-0613583). Please ask your administrator to provide us with your name and address as the donor in connection with the gift.
2. Send the Gift
Sending a Check
Ask your administrator to send it to:
Attn: Lee Benner
2300 Arboretum Dr. E
Seattle, WA 98109
Sending by Wire Transfer or ACH
Ask your administrator to deliver to:
Charles Schwab & Co., Inc.
211 Main Street, San Francisco, CA 94105
For deposit to: General Fund Savings Account
Account #: 5259-7384
DTC #: 0164, Code 40
3. Notify Us:
To ensure your IRA gift is processed in a timely manner, it’s important that we know the gift is on the way. Please call our Development Director Lee Benner at 206-325-4510 or notify Lee by email at firstname.lastname@example.org.