If you are 70½ years of age or older, you can transfer up to $100,000 from your IRA to the Community Environmental Council (CEC) as a charitable gift, reducing taxable income and satisfying your required minimum distribution (RMD) for the year.
Known as Qualified Charitable Distributions, these IRA donations are tax-free and give CEC the full value of the contribution. They’re a popular choice for many CEC donors. Contact your IRA administrator for the necessary form.
Not 70½? Share this option with eligible family and friends for a tax-free IRA withdrawal through a Charitable Rollover.
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