(208) 882-9755 foc@friendsoftheclearwater.org
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Give Through Your Retirement Account

Hobo Cedar Grove, FOC Photo

Ancient tree stands transcend our lifetimes. Just as mixed age forests ensure young trees may become old one day, your legacy gift safeguards this ecological process. Consider a gift through your retirement plan. 

Are you 70 1/2 or older? Would you prefer giving your money to a hardworking non-profit rather then “donating it” to the government?

If the answer is YES to both, consider donating funds to Friends of the Clearwater.

Naming Friends of the Clearwater as the beneficiary of a qualified retirement plan such as a 401(k), 403(b), or Individual Retirement Account (IRA) will accomplish a charitable goal along with tax savings. It can be costly to pass assets on to heirs because of heavy tax consequences. By naming Friends of the Clearwater as a beneficiary of a retirement plan, the donor maintains control over the asset while living, but at the donor’s passing the plan transfers to support the non-profit free of both estate and income taxes.

Making a gift from your retirement plan is easy and cost-free. Contact your plan administrator and request a change of beneficiary form. Return the form to your plan administrator, and notify Friends of the Clearwater.

Qualified Charitable Distribution

Also consider a Qualified Charitable Distribution (QCD) each year. In 2015, Congress passed a permanent provision of law for donors at least 70 1/2 with an IRA, allowing them to give up to $100,000.00 to any qualifying, non-profit organization. This maximizes donors’ charitable contributions to non-profits such as Friends of the Clearwater, while avoiding the tax consequences of their Required Minimum Distribution from their IRA. Contributions need to be made by December 31st of that tax year to qualify.

For more information, email us at foc@friendsoftheclearwater.org or call 208-882-9755. Thank you!