Make a Meaningful Impact with an IRA Charitable Rollover

If you’re 70½ or older, an IRA charitable rollover (or Qualified Charitable Distribution, QCD) offers a smart and tax-efficient way to support the causes you care about while lowering your taxable income. By transferring funds directly from your IRA to us, you can make an investment in your community through BTCF.

Benefits of an IRA Charitable Rollover

  • Avoid taxes on transfers of up to $108,000 from your IRA to charity.
  • Satisfy part or all of your required minimum distribution (RMD) if you are over 73 years of age.
  • Reduce your taxable income, even if you do not itemize deductions.
  • Make a gift that is not subject to charitable deduction limits.
  • Support the causes and nonprofits you’re passionate about or create a lasting legacy through a fund at Berkshire Taconic.

How an IRA Charitable Rollover Gift Works

  • Contact your IRA plan administrator to request a transfer of funds directly to Berkshire Taconic Community Foundation.
  • Choose how your gift will make an impact:
    • Support a cause or nonprofit you love.
    • Contribute to an existing fund at BTCF.
    • Establish a new scholarship, designated, or field-of-interest fund to create a lasting legacy.
  • Your IRA funds will be directly transferred to BTCF to carry out your wishes.

Do you love where you live and want to help your neighbors now and in the future? BTCF’s Area Funds, special endowed funds created to serve the emerging needs of each of the specific geographic areas within our region, are a great investment option for an IRA QCD.

Important Note: While IRA charitable rollover gifts are not eligible for a charitable deduction, they offer a meaningful way to give back while lowering your taxable income. However, rollover gifts cannot be directed to Donor Advised Funds.

Let’s Make a Difference Together

Contact us today to explore how an IRA charitable rollover can support the causes you care about and help you create a meaningful legacy in your community. We’re here to guide you every step of the way.