A traditional IRA is an appealing way to save for retirement: make a pre-tax contribution and enjoy income tax savings by reducing your taxable income. But eventually, the tax bill comes due—first when you take your annual retirement distributions and again when you leave your assets to heirs. If you want to avoid the tax bite while supporting ACCP’s mission, consider making a gift directly from your IRA to the ACCP Foundation, Ltd. This can reduce a retiree’s marginal income tax rate, help lower Medicare premiums, and decrease the amount of Social Security that is subject to tax.
1. Make Your Gift Today
If you’re 70½ or older, you can make a qualified charitable distribution (QCD) (up to $108,000 in 2025) to the ACCP Foundation. Benefits include:
- Watching your contributions make a difference right now through ACCP Foundation grants and programs
- Avoiding income taxes on the full amount of the gift
If you turned 73 in 2024, you must take your first required minimum distribution (RMD) by no later than April 1, 2025, and a second RMD by December 31, 2025. A QCD to the ACCP Foundation can satisfy all or part of your RMD obligations.
2. Magnify Your Impact After Your Lifetime
You can name the ACCP Foundation as a beneficiary of your retirement account. This is a long-term option for extending even a modest level of support from your IRA beyond your lifetime—and it costs you nothing today.
Here’s how:
- Contact your IRA administrator for a change-of-beneficiary form or simply download a form from your provider’s website.
- Name the ACCP Foundation, Ltd, and the gift percentage on the form.
- Let us know about your plans so we can thank you.
3. Create a Gift That Pays You
If you are 70½ or older, you can use your IRA to create a gift fund that will provide you with a fixed, reliable income for life by making a one-time election of up to $54,000 (without being taxed on the distribution). Because this option comes with special rules, we’ll be happy to discuss whether this gift is right for you.
Gifts from your IRA add to your cumulative gift to the Foundation and contribute to your Legacy Society eligibility. Whether you choose to support the mission of ACCP and its members today or after your lifetime, your gift matters. Please visit our Gift Planning Resources and contact Keri Sims at (913) 359-0874 or [email protected] to discuss your options.
The information contained herein was accurate at the time of printing. The information above is not intended as legal or tax advice. For such advice, please consult an attorney or tax adviser. References to tax rates include federal taxes only and are subject to change. State law may further affect your individual results.