Gifts from your retirement account made directly to CAMFED don’t add to your taxable income, and allow you to meet your required minimum withdrawal for the year.
As you plan your required minimum distributions for this year, consider using your IRA account to make the most of your charitable giving. Individuals who are at least 70½ years old can make a gift to CAMFED using funds transferred directly from an IRA without having to count the transfers as income for federal income tax purposes. These gifts are called Qualified Charitable Distributions (QCD) or rollover gifts. Be sure to share this gift plan with your financial advisor.
Contact your IRA provider or use your IRA checkbook to make your gift. You may need to provide them with our Tax ID number, EIN 54–2033897.
When making a QCD, will you assist our staff by letting us know who you are? Anonymous gifts may be less helpful because they often cannot be acknowledged or used in giving calculations.
Contact the CAMFED USA team at [email protected] with questions.