IRA Gifts & Planned Giving

Two Important Ways to Support PRC

  • Contribute Directly from Your IRA. Contributing to PRC directly from your IRA is a smart way to enjoy tax savings and support our mission.
  • Planned Giving. Including PRC in your estate planning is a powerful way to support PRC for generations to come.

Please read below.

A Tax-Saving Way to Support PRC – Contribute Directly from Your IRA

If you are 70½ or older, you can contribute to PRC directly from your Individual Retirement Account (IRA). It’s a smart way to enjoy tax savings and support our mission.

To determine if a Qualified Charitable Distribution (aka Charitable IRA Rollover) is right for you, review the information below and consult your tax professional.

To learn more, please contact Sarah Alessio Shea, Executive Director, at saraha@prc.org

Frequently Asked Questions

A QCD is a provision that allows certain donors to exclude from taxable income – and count toward their required minimum distribution – transfers of Individual Retirement Account (IRA) assets that are made directly to public charities, such as PRC.

Qualified Charitable Distribution (aka charitable IRA rollover) is an easy way to use IRA assets during your lifetime to make charitable gifts.

  • RMD: Your donation will count towards your required minimum distribution for the current year.
  • Tax Savings: You can exclude up to $100,000 of this gift from your federal gross income

— resulting in lower taxable income and possible tax savings

This tax savings is especially valuable to donors who are non-itemizers and donors who have reached their limit on itemized charitable deductions.

A gift that qualifies, technically termed a “qualified charitable distribution,” must be:

  • Made by a donor age 70 ½ or older at the time of the gift.
  • Transferred from a traditional or Roth IRA directly to a permissible public charity.
  • Between $100 and $100,000 per IRA holder per year. It will count toward your required minimum distribution.
  • Transfers must be completed by December 31 to count for the same tax year.

If you have not already taken your required minimum distribution in a given year, a qualifying rollover gift can count toward satisfying this requirement.

No. The gift would be excluded from income, so providing a deduction in addition to that exclusion would create an inappropriate double tax benefit.

Withdrawals from a Roth IRA may be tax-free only if the account has been open for longer than five years or if certain other conditions apply. Otherwise, withdrawals are taxed as if they came from a traditional IRA. Therefore, certain Roth IRAs could benefit from a charitable IRA rollover.

Planned Giving

If PRC’s mission has made a difference in your life or community, we invite you to consider leaving a legacy gift through your estate plan to the Pennsylvania Resources Council. 

Your foresight and generosity will help protect Pennsylvania’s environment for future generations to enjoy. By naming PRC in your will, trust, or as a beneficiary of your retirement plan or life insurance policy, you can make a profound impact on our future.

Sample Bequest Language for a Will or Trust: 

“I give [____ dollars / ____ percent of my estate / the residue of my estate] to Pennsylvania Resources Council, inc., a nonprofit organization located at 828 West North Avenue, Pittsburgh, PA  15233.  Tax ID: 23-6403971. Email: saraha@prc.org

To learn more, please contact Sarah Alessio Shea, PRC Executive Director saraha@prc.org

The official registration and financial information of Pennsylvania Resources Council, Inc. may be obtained from the Pennsylvania Department of State by calling toll free, within Pennsylvania, 1 (800) 732-0999. Registration does not imply endorsement.