IRA Gifts
If you are 70.5 or older, you are required to make an annual withdrawal from your traditional IRA or Roth IRA. However, if you make a Qualified Charitable Distribution (QCD), also known as an IRA Charitable Rollover, directly from your IRA—you reap several advantages.
- A gift transfer directly from your IRA to APA bypasses your gross income, possibly keeping you in a lower tax bracket.
- A QCD increases your potential annual charitable deduction without the need to itemize.
- Up to $100,000 in IRA funds may be counted as QCDs annually or $200,000 for married couples.
- By having your distribution transferred directly to APA, you help homeless cats and dogs right here in Doña Ana County.
Also, please consider naming APA as the beneficiary of your IRA. Don’t wait until December. Talk with our accountant or financial advisor now to confirm your options.
Donor-Advised Fund (DAF) Giving
DAFs provide you with a flexible way to give to APA while enjoying some favorable tax benefits. DAFs allow you to place money into a charitable investment account (creating an immediate tax deduction) from which you may make donations to nonprofits over time.
How to Make a Gift from Your Donor-Advised Fund:
- Ask your financial advisor or organization that manages your DAF to make a gift directly to APA from your DAF account.
- Follow the instructions provided by your fund regarding minimum contributions and the process for recommending grants
- Contact us at mail@apalascruces.org or leave a message at 575-644-0505 with your contact information, the company where your DAF is held, and the amount. This ensures that we properly credit and acknowledge your gift.
- You can also use a DAF to make regular monthly, quarterly, or annual donations.
- Consider naming APA as the beneficiary of your DAF.
