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IRA/Qualified Charitable Distribution (QCD)

Making a gift from your Individual Retirement Account (IRA) can be a creative and tax-effective way to support the Healthcare Foundation. Qualified Charitable Distributions, also known as IRA Charitable Rollover Gifts, allow you to make tax-free gifts directly from their retirement accounts that count toward minimum distribution requirements and do not generate federal taxable income.

Here’s what you need to know:

  • You must be 70 ½ or older at the time of the gift.
  • You may transfer up to $105,000 of charitable gifts directly from your IRA each year.
  • The transfer of funds to the Healthcare Foundation counts toward your required minimum distribution (RMD) from your IRA.
  • Gifts must be transferred directly from a traditional IRA account to the Healthcare Foundation by your IRA administrator. Funds that are withdrawn by you and then contributed do not qualify and will likely be considered a taxable distribution.
  • Gifts from 401(k), 403(b), SEP, and other retirement plans do not qualify. To make a gift of assets in these types of accounts, you would need to roll the assets over into an IRA and then make a direct transfer from that IRA.

It’s important to consider your tax situation before deciding whether to make a charitable contribution from your IRA. Be sure to share this gift plan with your financial advisor.

Support Our Mission with a Gift from your IRA!

To make a Qualified Charitable Distribution:

Contact your IRA administrator and request a direct transfer to:

Healthcare Foundation Northern Sonoma County
PO Box 1025
Healdsburg, CA 95448

Federal tax  ID number: 68-0474109

  • Be sure that the funds are NOT distributed directly to you, which could trigger taxable income rather than a direct charitable distribution to charity.
  • Please instruct your IRA administrator to include your name on the check they send to the Healthcare Foundation.
  • Once you have contacted your IRA administrator, please provide us with the name of your IRA company and amount of your gift so we can identify and acknowledge your gift in a timely manner.

At Any Age

No matter your age, you can designate the Healthcare Foundation as the beneficiary of all or a percentage of your IRA and it will pass to us tax-free after your lifetime. It’s simple, just requiring that you contact your IRA administrator for a change-of-beneficiary form or download a form from your provider’s website.

Tip: please let us know of your gift! Many popular retirement plan administrators assume no obligation to notify a charity of your designation. The administrator also will not monitor whether your gift designations are followed. We would love to talk to you about your intentions to ensure that they are followed. We would also like to thank you for your generosity and honor you as a Legacy Circle member.

Questions? We’re here to help. Contact Mary Ott, Development Director at 707-473-0583 or mott@healthcarefoundation.net if you have questions about giving through your IRA.

Invest in Our Community

Questions or ideas? We want to hear from you! Contact Development Director Mary Ott to discuss how we can partner together to eliminate health inequities in northern Sonoma County.

Contact Mary