IRA Distributions
Once you reach age 73, the IRS requires you to take a Required Minimum Distribution (RMD) from your IRA. Instead of receiving this distribution as taxable income, you can direct all or part of it to United Way of Pierce County.
This strategy—called a Qualified Charitable Distribution (QCD) or IRA charitable rollover—allows individuals age 70½ or older to contribute up to $100,000 per year directly from their IRA to a qualified nonprofit. These gifts may help you avoid paying income taxes on the distributed amount.
IRA charitable rollovers apply only to IRAs and are subject to specific rules and limitations. We encourage you to consult your financial advisor or tax professional to determine what’s best for your situation.
When you give through your IRA, your contribution goes to work immediately—supporting individuals and families across Pierce County and strengthening the community we all share.
To make a Qualified Charitable Distribution, contact your financial advisor today.
Benefits of Donating Retirement Assets
Giving through your retirement account can offer several advantages:
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Simplifies your charitable giving strategy
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Supports the causes you care about most
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Allows you to continue using your retirement assets as needed
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Helps preserve more tax-efficient assets for your heirs
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May provide potential estate tax savings
Future Gifts from Your Retirement Assets
Did you know that 40%–60% of retirement assets may be taxed when passed on to heirs?
One tax-smart option is to leave your family assets that may receive a step-up in basis—such as real estate or stocks—and designate your retirement assets to United Way of Pierce County.
Because we are a charitable organization, we do not pay taxes on IRA or retirement plan gifts. This means 100% of your gift goes directly to helping families in our community.
To make this type of gift:
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Request a beneficiary designation form from your retirement plan provider
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Name United Way of Pierce County as a beneficiary (full or partial)
Your estate may also benefit from a charitable estate tax deduction.
Questions?
We’re here to help. If you have questions about giving through retirement assets, please contact us: