If you’re 70 ½ years old or older, an IRA charitable rollover (also called the Qualified Charitable Distribution or QCD) is a smart way to make a tax-free outright gift to Navian Hawaii using your qualified retirement plan. The IRA QCD is a taxwise way to support Navian Hawaii because the amount of your donation is not included in your income, avoiding any income taxes on the withdrawal from your account.

How do I qualify?

  • You must be 70 ½ years old or older at the time of the gift
  • Gifts must go directly from your IRA to Navian Hawaii
  • Gifts must come from a traditional IRA, which does not exclude the Roth IRA possibility
  • Gifts cannot exceed $100,000 per donor per year

What are the benefits of an IRA QCD gift?

  • You will not pay taxes on your IRA withdrawal when given to us
  • It is a powerful way to help us continue our mission: to Bring Hope, Reduce Fears and Impact Lives

How can I make a charitable IRA QCD gift?

  • In order to qualify for the benefits of a charitable IRA rollover (QCD), the gift must come directly from your IRA administrator to Navian Hawaii. If you withdraw money from your IRA and then make a gift of the proceeds, you will not be entitled to the special benefits of a charitable IRA rollover.
  • Donors contemplating such a gift will often send us a letter in advance. We appreciate knowing these gifts are coming because it can be difficult to match the check from the administrator to you. We want to be able to properly thank you, acknowledge your generosity, and ensure it is used as wished.

Tax Law Update

Qualified charitable distributions are still a great way to make contributions if you are 70½ or older. A qualified charitable distribution (“QCD” or “IRA charitable rollover”) allows you to make a tax-free gift of up to $100,000 to Navian Hawaii from your IRA if you are 70½ or older. A qualified charitable distribution is a great way to make tax advantageous contributions, especially if you don’t itemize your deductions. [The 2020 suspension of the required minimum distribution from most retirement plans has not been extended into 2021.]

You have important priorities for your family and loved ones, and we know that their health and financial well-being comes first. When you’re ready, we’ll be here to help you shape a charitable gift plan that suits your needs and allows you to help us further our mission.  Please contact our Philanthropy Manager at (808) 791-8084 or email development@navianhawaii.org.

This information is provided for educational purposes only.  It is not offering professional tax, legal or accounting advice.  As always, please talk with your advisor to discuss whether this gift option might work for you.