Make a Gift From My IRA
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Thank you for considering an IRA gift to us. The website link will take you to your IRA custodian's website, where you may be able to log in and make a gift to Outer Banks Community Foundation. Another option is to use the phone number to call your IRA custodian. They will assist you in making an IRA gift. If you would like to notify us of your generous IRA gift, please complete the Notify us of your IRA gift section. Please note this is a time sensitive transaction. If the IRA gift is intended to satisfy your required minimum distribution for the current year, verify with your custodian that this transaction will be completed prior to December 31. If the transaction is not completed prior to December 31, you may be subject to penalties if you have not satisfied your required minimum distribution. |
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| Thank you for considering a IRA gift to us. A sample letter is available to send to your DAF provider. You may save and print the PDF of your letter. If you have email contact information for your DAF provider, you may send a PDF copy of your DAF letter or you may copy and paste the text into an email. You will need to enter the amount of your recommended grant and your DAF account number on the letter before mailing. If you would like to notify us of your generous gift, please complete the Notify us of your DAF Gift section. | ||||||
IRA Gift
You may be looking for a way to make a big difference to help further our mission. If you are 70½ or older you may also be interested in a way to lower the income and taxes from your IRA withdrawals. A Qualified IRA Charitable Distribution (QCD) is a way you can help continue our work and avoid income tax this year.
IRA Gift
IRA (Custodian)
OBCF
Benefits of a Qualified Charitable Distribution
- Avoid taxes on transfers of up to $105,000 from your IRA to the Community Foundation
- Satisfy your required minimum distribution (RMD) for the year
- Make a gift that is not subject to the deduction limits on charitable gifts
- Help further our work of providing grants and scholarship through our existing funds, or create a new designated or unrestricted fund to support a purpose of your choosing
How A Qualified Charitable Distribution Gift Works
- Contact your IRA plan administrator to make a gift from your IRA to Outer Banks Community Foundation or a qualified component fund (Donor advised funds do not qualify for a charitable deduction).
- Your IRA funds will be directly transferred to us to support an area of your choosing: either for a particular cause, a specific fund, to award scholarships, or to underwrite all of our work on the Outer Banks.
- Please note that the amount of the gift reduces your annual income, which will reduce income tax liability. Be sure to give this gift information to your tax preparer at tax time.
- Please contact us if you wish for your gift to be used for a specific purpose.
Contact us
If you have any questions about an IRA charitable gift, please contact us. We would be happy to assist you and answer any questions you might have.
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