Thank you for considering a donation to Forest ReLeaf in your year-end giving! You are making a difference and helping Forest ReLeaf continue our mission of “Planting trees and enriching communities.”
More Ways to Give:
Gift of Securities:
If you hold securities which would result in a long-term capital gain if sold, you can make an outright gift to Forest ReLeaf and realize substantial savings on capital gains tax on the appreciation. The actual cost to you as a donor is often far less than the value of your gift. It is recommended that you consult with your tax advisor to discuss the latest IRS rules and regulations.
You can contact Meridith Perkins at (314) 533-5323 to get the delivery instructions.
Qualified Charitable Distribution
What is a QCD and how can it support Forest ReLeaf?
A Qualified Charitable Distribution (QCD) is a withdrawal from an Individual Retirement Account (IRA) that is sent directly to a charity (i.e. Forest ReLeaf). In other words, the funds don’t pass through your hands – You instruct your IRA custodian to send the funds straight to Forest ReLeaf.
Are you sure I am eligible to do this?
Are you 70 1⁄2 or older (at the time of the donation)? If you answered yes, we are in luck!
What’s in it for me?
While you will be supporting Forest ReLeaf, you will also be reducing your taxes. Once you reach 70 1⁄2 you are required to withdraw funds annually from your IRA and report the distributions as income on your tax returns. So, if you’re required to withdraw $10,000 from your IRA, that may increase your income by $10,000. Who wants to see their taxes get raised? Keeping your taxable income lower may reduce the impact to certain tax credits and deductions, including Social Security and Medicare.
How much can I contribute to Forest ReLeaf via a QCD?
You can transfer as much as $100,000 a year from your IRA to any combination of qualified charities, and none of that money would be taxed. And the limit is $100,000 a year per person – not per IRA.
When do I need to start working on this for my year-end donation?
For a QCD to count towards your current year’s Required Minimum Distributions (RMD), the funds must come out of your IRA by your RMD deadline, generally Dec. 31. Don’t wait until Dec. 29 to get started! Recommendations are to reach out to your IRA adviser now.
For questions, contact Meridith Perkins at (314) 533-5323.
Forest ReLeaf of Missouri is a 501(c)(3) tax-exempt nonprofit organization, tax ID #43-1615929.