Individual Retirement Account (IRA) donations to Friends of Gualala River (FoGR) may help reduce your taxes.
If you’re at least 72 years old, you can help protect the Gualala River watershed and the species that rely on it, and reduce your taxable income.
The law allows you to make tax-free charitable gifts from your IRA. Gifts of up to $100,000 — from either traditional IRAs or Roth IRAs — are excluded from your taxable income and can be used to satisfy your Required Minimum Distribution (RMD) requirement.
The transfer must be made directly from the IRA to Friends of Gualala River (or another qualified charity), and must be for an outright gift. There is no income tax deduction, as the amount is simply not reported as income.
How do you make an IRA charitable donation? Contact your IRA provider to make your gift. Friends of Gualala River (PO Box 1543, Gualala, CA 95445) is an independent 501(c)(3) non-profit organization recognized by the IRS; federal tax ID number: 83-4233346.
Please consider naming Friends of Gualala River a beneficiary for part or all of your IRA or other retirement account. It is a tax-efficient way of helping your local grassroots watershed protection organization make a difference for our community. Please let us know if you have done so. Feel free to contact us if you have any questions about the process.
Thank you for your support!
Donate stocks or mutual funds
Giving stocks or mutual funds can also provide tax benefits.
When is a good time to consider that strategy? When you have gains on the stock or fund, selling it can trigger a tax burden. Giving the stock or funds to a charity like Friends of Gualala River allows the charity to sell it and not pay taxes on the gain.
Check with your tax advisor to see what the best strategy is for your situation. FoGR can also be named as beneficiary for your life insurance or annuity, for another way of contributing.