Most people look to cash to make a charitable gift. But the truth is, your IRA can be every bit as powerful as a cash gift.
If you are 70 ½ or older, you can elect to transfer up to $100,000 a year out of your IRA to PLF. The transfer must be made directly to PLF from your IRA custodian. The amount transferred counts toward your required minimum distribution (RMD).
To make the transfer, contact your IRA custodian and tell them you would like to make a “Qualified Charitable Distribution (QCD)” to Pacific Legal Foundation, 555 Capitol Mall, Suite 1290 Sacramento, CA 95814.
PLF’s tax ID number is: 94-2197343.