IRA Rollovers
If you're age 70½ or older with a traditional IRA, you're eligible to make a gift to Clark-Skamania Flyfishers directly from your IRA. These distributions are generally tax-free, which is why many of our supporters have turned to this option to increase their impact. If you're also facing a Required Minimum Distribution (RMD), an IRA gift lets you support our mission while lowering your tax burden.
Important to remember:
You must be 70½ or older at the time of the distribution from your IRA to qualify.
Depending on your birth year, once you reach age 72 or 73, your gift distribution can count toward your calendar-year required minimum distribution (RMD).
Your total non-taxable annual distributions to one or more qualified 501(c)(3) charities, including Clark-Skamania Flyfishers, are limited to $100,000 per calendar year.
Contact your IRA plan administrator and ask them to distribute the rollover amount directly to Clark-Skamania Flyfishers, noting whether you'd like to be acknowledged for the gift.
The check issued from your IRA must be made payable to Clark-Skamania Flyfishers.
Your plan administrator must transfer the distribution directly to Clark-Skamania Flyfishers by December 31 for it to qualify for that tax year.
For further information, please contact Michael Golub, Board Member, at XXXXXXXXXXX.