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IRA Charitable Gifts

Thank you for your interest in making a gift from your Individual Retirement Account in support of the youth served by the Children’s Receiving Home of Sacramento.

Americans over the age of 70½ can distribute up to $100,000 each calendar year from an IRA to the Children’s Receiving Home or other charities, tax-free. This distribution can be a significant benefit for IRA owners who must take a required minimum distribution (RMD), and you can feel good knowing that you are making a difference in the lives of children and teens in crisis.

You may also designate the Receiving Home as a full or partial beneficiary of your IRA after your lifetime. It’s as simple as contacting your IRA administrator for a change-of-beneficiary form. 

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Qualified Charitable Distributions

When an IRA owner directs their IRA plan administrator to distribute any amount (up to $100,000) to charity, the distribution counts toward the owner’s minimum required distribution, but is not included in his or her income for income tax purposes.

Since the gift doesn’t count as income, it can reduce the donor’s annual income level. This may help lower Medicare premiums and decrease the amount of Social Security that is subject to tax.

Spouses (as defined by the IRS) who are 70½ or older can also give any amount up to $100,000 from their own IRA.

How It Works:

  • You must be 70½ or older at the time of distribution.
  • You may distribute any amount up to $100,000 in a calendar year to charity, as long it is completed by December 31 of the year in which you intend to make the charitable distribution.
  • Your IRA administrator must make the distribution directly to the charity, or you may write a check payable to the charity from your IRA checkbook. For a sample letter of instruction to your IRA administrator requesting a distribution to the Children’s Receiving Home of Sacramento, click here: Sample request letter or email donations@crhkids.org.

Thank you for selecting our kids as a beneficiary of your philanthropy!