At Climate Solutions, we are committed to accelerating clean energy solutions to the climate crisis. If you’re 70 1/2 or older, you can make a tax-free gift to our organization through your IRA, save on taxes, and help advance Climate Solutions’ mission now.
A special opportunity for those 70 1/2 years old and older
You can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity such as Climate Solutions without having to pay income taxes on the money. Gifts of any value $100,000 or less are eligible for this benefit and you can feel good knowing that you are helping accelerate clean energy solutions to the climate crisis. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.
Why consider this gift?
- Your gift will be put to use today, allowing you to see the difference your donation to Climate Solutions is making now.
- Beginning in the year you turn 72, you can use your gift to satisfy all or part of your required minimum distribution (RMD).
- You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
- Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
For those 59 1/2 years old or older
If you’re at least 59 1/2 years old, you can take a distribution and then make a gift to Climate Solutions from your IRA without penalty. If you itemize your deductions, you can take a charitable deduction for the amount of your gift.
How to make a gift from your IRA
It’s pretty simple but requires some paperwork. Contact your IRA provider for the proper form or download a form from your provider’s website.
Important information you will need for the forms
To designate Climate Solutions in a QCD from your IRA, please use our legal name and federal tax ID.
Legal name: Climate Solutions
Legal address: 1402 3rd Ave, Suite 1200, Seattle, WA 98101
Federal tax ID number: 91-1123302
Let’s talk about your gift
It’s critical to let us know of your gift because many popular retirement plan administrators assume no obligation to notify a charity of your designation. We would also like to thank you for your generosity! Please contact our Development Team at firstname.lastname@example.org.
Thank you for considering a gift to Climate Solutions from your IRA.