You can make a qualified charitable distribution (QCD) to Earthjustice from your individual retirement account (IRA) and make an immediate impact! Here’s how it works:
- You must be 70½ or older.*
- Your gift must be transferred directly from your IRA account to Earthjustice.
- Your gift is a transfer of funds from your IRA to Earthjustice, so while you do not receive a charitable deduction, it does not create taxable income for you.
- You may transfer up to a total of $105,000 per year (individual) or $210,000 (married couple).
- If you are required to take a Required Minimum Distribution (RMD) from your IRA, your gift can count towards it, but your gift is not limited to your RMD. If you are using a checkbook issued by your IRA administrator to make your gift, please send your gift as early as possible to ensure that it qualifies for a distribution in the current year.
If you’re interested in this popular way to support Earthjustice, download a sample letter for your IRA administrator here.
Earthjustice Financial Information:
Legal name: EARTHJUSTICE
Address: 50 California Street, Suite 500, San Francisco, CA 94111
Federal Tax ID number: 94-1730465
Contact person: Andrew Uhl
Phone number: 415-217-2000
Email: info@earthjustice.org
Submitting your gift:
When you are corresponding with your IRA administrator, please request that both your full name and address are included with your distribution. This allows us to identify you as the source of the distribution, and to provide you with a tax receipt that includes the appropriate language for recognizing qualified charitable distributions. You would be surprised at how often financial institutions send us checks without telling us the name of the donor!
Additionally, please contact us to let us know to expect the gift, including your name, address, gift amount, and financial institution issuing the gift.
* Due to recent changes in the laws governing retirement plans, please seek advice from your financial advisor regarding the tax implications of your gift, particularly if you plan to continue to contribute to your IRA after age 70 ½. Your gift may not qualify for these tax benefits.