Special tax-free IRA gifts

For those age 70½ or older, it is once again possible to make tax-favored charitable gifts from traditional and Roth IRA accounts.

On December 18, 2015, the President signed into law legislation that retroactively extends the charitable IRA rollover for 2015 and makes this provision permanent for future years.

A total of up to $100,000 can be transferred directly from traditional or Roth IRAs to one or more qualified charities such as Audubon Canyon Ranch free from federal income tax each year. There may also be state income tax savings. Amounts given in this way count toward required IRA minimum withdrawal amounts for the year of the gift.

To make such gifts, it is important to not withdraw funds prior to a gift, but have the gift amount distributed directly from an IRA to one or more qualified charities. For those with check writing privileges on their accounts, this may be the most efficient way to make gifts directly from an IRA.

A sample form that can be used by your IRA plan administrator to make a direct IRA transfer to Audubon Canyon Ranch is available here. ACR's federal tax ID number is 94-6069140.

Questions? Please don't hesitate to contact the Development Department at 415.868.9244 ext. 119 or ACR Planned Giving Consultant Phil Murphy at 415.457.7482.

With your generous support, Audubon Canyon Ranch will continue to protect nature through land preservation, nature education and conservation science. On behalf of all of us at ACR, thank you.