IRA QUALIFIED CHARITABLE DISTRIBUTION

The Individual Retirement Account (IRA) Qualified Charitable Distribution (QCD) allows you to make a direct distribution from your IRA account to support Prickly Pear Land Trust. If you are 70½ or older, you may transfer up to $100,000 from your IRA to Prickly Pear Land Trust directly. These gifts are not taxable and qualify toward your required minimum distribution at age 72 or greater.

Gifts made from your IRA are not reportable as taxable income. At age 72 or greater your gift distribution qualifies toward your required minimum distribution (RMD) for the calendar year, which may lower your income tax burden. (Note: The RMD requirement has been waived for 2020)

KEY IRA QCD REQUIREMENTS:

You must be 70 ½ years or older at the time of the distribution from your IRA to qualify.
At age 72 or greater your gift distribution qualifies toward your calendar year required minimum distribution (RMD).
Your total non-taxable yearly distribution to one or more qualified 501c3 charities, including Prickly Pear Land Trust, is limited to $100,000 each calendar year.
You will need to contact your IRA Plan Administrator and request they distribute the rollover amount directly to PPLT. Please contact us to get account information needed to request a transfer directly to us.
Specifically request that your plan administrator includes information that includes your information. Many plan administrators will not include details about who is making the gift unless specifically requested.
The check issued from your IRA must be made payable to Prickly Pear Land Trust.
The RMD requirement has been waived for calendar year 2020 per the CARES act.

Please contact Ingrid Lovitt, Development Manager, if you would like to be acknowledged for the gift. The transfer of your IRA distribution must be made directly by your plan administrator to Prickly Pear Land Trust by December 31 to qualify for that tax year.

For further information,please contact Ingrid Lovitt, Development Manager (406) 442-0490 or via email.

This information is not intended as financial or legal advice. Please consult with your own personal tax advisor for advice and further details.

Request IRA Charitable Donation Details