Giving From Your IRA
You can make a difference
Estate planners and tax advisers often recommend retirement assets as the most tax-effective asset to distribute to charity. These assets are not only vulnerable to heavy taxation as current distributions, but may also be taxed again as income on the tax returns of heirs.
A recent tax law extension permanently allows annual IRA distributions given directly to charity tax free. Americans age 70½ and up can make tax-free IRA contributions to public charities, add to existing funds or start a new fund at Humboldt Area Foundation.
You can give to the causes you care about most. You can set up a charitable fund in your name or make an unrestricted gift. Giving is one of life’s pleasures; we can help you enjoy it today.
By giving through Wild Rivers Community Foundation, you can use your gift to meet ever-changing community needs—including future needs that often cannot be anticipated at the time your gift is made. Your gift can target the causes and programs you care about most.
Wild Rivers Community Foundation understands our community’s most pressing issues and can help you establish a fund to make an impact in areas of need or opportunity that are important to you. Here are three great ways to turn your IRA into community good:
Wild Rivers Community Fund—Meeting ever-changing community needs.
Address a broad range of current and future needs. Wild Rivers Community Foundation evaluates all aspects of community well-being: arts and culture, community development, education, environment, health and human services—and awards strategic grants to high-impact projects and programs.
Field of Interest Fund—Connecting personal values to high-impact opportunities.
Target gifts to the cause most important to you: youth, arts, seniors, culture revitalization, environment and more. Humboldt Area Foundation awards grants to community organizations and programs addressing your area of interest.
Designated Fund—Helping local organizations sustain and grow.
Support the good work of a specific nonprofit organization—a senior center, museum or any qualifying nonprofit charitable organization—by creating a specially Designated Fund. Wild Rivers Community Foundation will invest your gift for long-term growth and issue grants to your favorite nonprofit on a regular basis.
Support an annual grant to individuals to continue their education. Scholarships are offered through fair and open competitive application process. The criteria for the scholarship are defined by the donor when the fund is initially established. Per IRS regulations donors may not choose scholarship recipients. The Foundation’s administrative cost is 2% of the principal balance.
Frequently Asked Questions