IRA Qualified Distributions

You can support Caring Contact and avoid income taxes with your gift to Caring Contact from your IRA. Click on the link for more information and to make a Qualified Charitable Distribution from your IRA.

If you are 70.5 or older, giving from your IRA can help reduce your taxable income — and for those over 73 who must take a Required Minimum Distribution (RMD), an IRA gift is a simple way to fulfill it! Use this tool to give from your IRA, you can auto-complete your paperwork and we can track your gift to send you the proper tax receipts.

Why consider this gift?

• Your gift will be put to immediate use, allowing you to see the difference it is making in our community.
• You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions. (Important tip: to avoid paying income taxes on this distribution, you must have the plan administrator pay the charitable organization directly. DO NOT take the distribution and gift the charity yourself.)
• Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.

For those 59 1/2 years old or older

If you’re at least 59½ years old, you can take a distribution and then make a gift from your IRA without penalty. If you itemize your deductions, you can take a charitable deduction for the amount of your gift.

Click on the link for more information and to make a Qualified Charitable Distribution from your IRA. 

Contact Lucinda Mercer, Development Director, with questions or to let us know you are directing your IRA qualified charitable distribution to Caring Contact. She can be reached at Lucinda.mercer@caringcontact.org or 908-301-1899.