Make a Gift From My IRA
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Thank you for considering an IRA charitable rollover 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 Illinois Prairie Community Foundation. Another option is to use the phone number to call your IRA custodian. They will assist you in making an IRA charitable rollover gift. If you would like to notify us of your generous IRA charitable rollover, please complete the Notify us of your IRA charitable rollover section. Please note this is a time sensitive transaction. If the IRA charitable rollover 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. | ||||||
Qualified Charitable Distributions
You may be looking for a way to make a big difference to help further the causes you care about. If you are 70½ or older, a Qualified Charitable Distribution is a way you can help our community and benefit this year.
Qualified Charitable Distributions
IRA (Custodian)
IPCF
Benefits of a Qualified Charitable Distribution
- Avoid taxes on transfers of up to $108,000 from your IRA to a charity through Illinois Prairie Community Foundation
- Satisfy your required minimum distribution (RMD) for the year
- Reduce your taxable income, even if you do not itemize deductions
- Make a gift that is not subject to the deduction limits on charitable gifts
- Help further the work and missions of a charity and Illinois Prairie Community Foundation
How a Qualified Charitable Distribution works
- Contact your IRA plan administrator to make a gift from your IRA to a charity through Illinois Prairie Community Foundation.
- Your IRA funds will be directly transferred to Illinois Prairie Community Foundation to help continue our important work in the community.
- Contact Illinois Prairie Community Foundation to ensure that the charity you wish to benefit is known to us and we will make the donation for you once your IRA gift is received.
- Please note that donations from your IRA into a Donor Advised Fund are not allowed as a Qualified Charitable Distribution. Community Foundations are public charitable foundations, and as thus are eligible to receive IRA distributions into any endowment, fiscal sponsorship or field of interest fund.
Gifts from your IRA
If you are 70½ or older, you can use your IRA to fulfill your charitable goals. You can use the "Make a Gift From My IRA" tool to contact your IRA custodian and make a qualified charitable distribution. We will acknowledge your generous gifts as a qualified charitable distribution, which may satisfy your RMD, if applicable.
Contact us
If you have any questions about an IRA charitable rollover gift, please contact us. We would be happy to assist you and answer any questions you might have.
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