Would you like to do something more to help educate our young environmentalists or further protect our creeks and open spaces? Consider making an End-of-the-Year Gift with a Direct Distribution from your traditional IRA to SCVAS.

If you are over 70 1⁄2, you can make a tax-free direct distribution from your traditional IRA to SCVAS as a Qualified Charitable Distribution (QCD) up to $100,000. Since you don’t pay income tax on the distribution, it’s a great way to make a donation, whether to our general programs, Legacy Fund, Memorial Fund, Environmental Advocacy, or as a Living-Tribute. There is no deduction for the donation, so you don’t need to itemize deductions to get the full tax benefit of a Qualified Charitable Distribution.

And if you are over 72, your QCD counts toward your Required Minimum Distribution (RMD) from your IRA. So a direct distribution to SCVAS helps you avoid penalties, as well as income tax.

A Qualified Charitable Distribution also lowers Adjusted Gross Income (AGI) which is used in the Medical Itemized Deduction test and for Medicare premium calculations.

Please consult with your tax advisor to verify your specific tax advantage.

For more information or assistance making the transfer, email the SCVAS Treasurer, Gary Campanella, at gary.campanella@gmail.com

The information provided here is for educational purposes only and is not intended as legal or tax advice. Please consult an attorney or tax advisor before making a charitable gift.