Skip to main content
Free Estate Planning Workbook Planned Giving E-newsletter Heritage Club About Us
Text Resize
Print This
Email This
Calculate Plan
eBrochure
Contact Us
View Video

SMART CHARITABLE GIVING FOR THOSE 70½ or Older

Tax-Wise & Medicare-Wise Charitable Giving Today

If you are at least 70 1/2, you can make annual charitable gifts through your IRA. At your direction, your IRA custodian will transfer the gift you designate directly from your IRA to a qualified charity. This is known as a Qualified Charitable Distribution, or QCD.

*For those 72 or older, this QCD may satisfy all or part of your Required Minimum Distribution, or RMD.

Potential tax & Medicare advantages are listed below. Each IRA company has instructions for making a QCD. If you need help getting QCD directions for your IRA company or we can help in any other way, please contact us.

Using Retirement Assets to Leave a Legacy

You may also name a charity as a beneficiary of a portion of your IRA or other retirement asset upon death. This can be a tax-wise and simple way to make a legacy gift. You can use pre-tax basis retirement assets to fund your legacy gift and leave other non-taxable assets to heirs. Naming beneficiaries for your retirement assets is done using your beneficiary form, not your will or trust. Please contact us to learn more about this simple and impactful gift option.

  • Satisfies your annual Required Minimum Distribution, or RMD, up to the amount of your gift
  • Allows you to give from pre-tax assets and your distribution is excluded from taxable income
  • May prevent you from being pushed into a higher tax bracket or a higher Medicare Part B or Part D premium bracket
  • Helps avoid limits on charitable deductions
  • Minimizes the effect your giving has on your cash flow because the gift is from your assets, not your checkbook

You may be looking for a way to make a big difference to help further our mission. If you are 70½ or older you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is a way you can help continue our work and benefit this year.

IRA Charitable Rollover
IRA (Custodian)
UWSBC
Charity image

Benefits of making a current charitable gift through your IRA

  • Avoid taxes on transfers of up to $100,000 from your IRA to United Way of Santa Barbara County
  • For those 72½ or older, this may satisfy all or part of your Required Minimum Distribution, or RMD
  • Reduce your taxable income, even if you do not itemize deductions
  • Make a gift that is not subject to the deduction limits on charitable gifts
  • Help further the work and mission of United Way of Santa Barbara County

How to make a current charitable gift through your IRA

  1. Contact your IRA plan administrator to make a gift from your IRA to us.
  2. Your IRA funds will be directly transferred to United Way of Santa Barbara County to help continue our important work.
  3. Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
  4. Please contact us if you wish for your gift to be used for a specific purpose.

Contact us

If you would like a handout about the IRA Charitable Rollover, either by mail or electronically please request one here.

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

Print This
Email This
Calculate Plan
eBrochure
Contact Us
View Video
scriptsknown