Giving from an IRA
A qualified charitable distribution (QCD) from an IRA is one of the most tax-advantaged ways to give because it avoids tax that would otherwise be due on the distribution. If you have an IRA and are age 70 1/2 or older, consider making a QCD directly to a public charity. Qualified charitable distributions count towards, but are not limited to, your annual required minimum distribution (up to $100,000 per year, per IRA owner).
Note: If you use an IRA checkbook, the gift is not complete until the IRA administrator transfers the funds to the University of Minnesota Foundation for the benefit of The Raptor Center. Donors who plan to make a QCD in 2021 are encouraged to contact their IRA administrator to ensure the gift will be completed by December 31, 2021.
Naming The Raptor Center as a beneficiary
You can support The Raptor Center and reduce your tax burden by designating the U of M as the beneficiary of a retirement account. Tax-deferred retirement assets are subject to income tax and possibly estate tax if left to individuals. However, these assets pass tax-free if left to charity, so the full value of your gift will support the causes you care about.
Learn about additional ways to give here
For questions, or to let us know how you would like your gift to be used, contact Ellen Orndorf at 612-624-8456 or [email protected]
