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If you are 70½ years old or older, you can take advantage of a simple, popular way to benefit public charities such as the Coral Gables Community Foundation and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity such as ours without having to pay income taxes on the gift.
Donors can enjoy supporting the Coral Gables Community Foundation through our Unrestricted, Community Giving and our Scholarship Funds with their IRA Charitable Rollover. Gifts to Donor Advised Funds do not qualify.
This gift option is commonly called the IRA charitable rollover. You may also see it referred to as a qualified charitable distribution, or QCD for short. If you would like to know more about the benefits associated with the IRA Rollover and how to make this type of gift, please contact us today. We are ready to assist you in pursuit of your charitable goals.
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