IRA Qualified Charitable Distribution
Making a gift from your IRA to Prairie Public is a tax-wise way to enrich the lives of your family, friends, and neighbors.
If you are 70 1/2 and older, you can make a "qualified charitable distribution" directly from your IRA. Gifts up to $100,000 are excluded from your federal income [and perhaps state income depending on the laws in your state]. If you file a joint return, each spouse can exclude up to $100,000 for a maximum of $200,000 each year. This charitable distribution will even count toward your required minimum distribution ("RMD").
You can enjoy these special tax savings so as long as:
- The distribution is made from either your Traditional or Roth IRA.
- The distribution is made to a qualified charitable organization, like Prairie Public.
- The distribution is made directly by your plan administrator to the station.
A gift made from your IRA will never count as income, but always makes a difference!
How to Give
Contact your plan administrator and request a "qualified charitable distribution" be made directly to Prairie Public. It's important to know that if you first receive the distribution and then donate the proceeds, the gift will not count as a qualified charitable distribution. We encourage you to consult with your advisers to fully understand the legal and financial impact of your charitable gift.
We're here to help
If you and your advisers need more information about giving from your IRA, please contact Troy Davis at 701-239-7510.
Other options for donating retirement assets
Part of an estate plan: There can be significant tax advantages to donating retirement assets to Prairie Public as part of an estate plan. When done properly, charitable donations of retirement assets can minimize the amount of income taxes imposed on both your individual heirs and your estate.
IRA Charitable Rollover Instructions:
Step 1 - Initiate the Gift
Notify your plan administrator of your desire to make a gift directly from your IRA.
Step 2 - Send the Gift
Prairie Public Broadcasting, Inc
Attn: Troy Davis
207 5th St N
Fargo, ND 58102
Tax ID: 45-0276899
Step 3 - Notify Us
To ensure your gift is processed in a timely manner, it's important that we know your IRA gift is on the way. Please contact Troy at 701-239-7510.