Donate From Your Retirement Account
Are you 70.5 or older and have a traditional IRA?
You can save lives and save on taxes by making a Qualified Charitable Distribution (QCD) to Animal Place. And, depending on your age*, your donation can be a compassionate way to fulfill your Required Minimum Distribution (RMD) and reduce your overall tax burden.
We have partnered with FreeWill to make this process as stress-free as possible.
Many supporters like you choose to make these gifts because of how easy we’ve made the process. In a few minutes, you can receive significant tax savings and make a big impact for animals in need.
You can choose to fund the care of 400 animals at the sanctuary, sponsor a rescue of hens from slaughter, or help fund our advocacy campaigns. Without you, there is no us.
* If you turned 70.5 before or 72 after January 1, 2020, then you must make a Required Minimum Distribution from your retirement accounts.
Can I claim an income tax deduction for my QCD donation? No. However, donating from your IRA to charity reduces your taxable income, which may provide you with greater income tax savings.
Is there a QCD option for my 401(k) or 403(b) account? No. The QCD option and its possible tax benefits are only available from your traditional tax-deferred IRA. You can rollover assets from your 401(k) account into a traditional IRA and then donate from your IRA to charity. Or you can name a donor-advised fund (DAF) or public charity as a pay-on-death beneficiary as part of your estate planning.
How much can I donate to charity from my IRA? You may roll over up to $100,000 per year to a qualified charity.
What is Animal Place’s federal tax-id number? Our tax-id number is 68-0200668.
Do donor-advised funds (DAF) qualify as a QCD gift? No. However, you can name a charity or a donor-advised fund as a beneficiary of your IRA upon death.
Have questions? Email our Director of Fund Development Marji Beach at [email protected] or 530-477-1757 x. 208