Ways to Give

Select from the following:

If you are 70½ years old, the IRS allows you to allocate a contribution directly from your Individual Retirement Account (IRA) without having to pay federal taxes on the distribution.

As of December 2015, the IRA Charitable Rollover was passed by Congress. For those who are 70½ or older, any amount up to $100,000 can be distributed tax-free from your IRA to Saturday Academy or your other favorite charities.

For married couples, each spouse can make a QCD up to $100,000 limit for a potential total of $200,000. This amount can count toward your required minimum distribution for the year in which the distribution is made. Although these distributions are not deductible as charitable contributions on your income tax return, they impact your taxes because they are not treated as taxable income to you.

Here’s how it works:

You must be 70½ or older at the time of distribution.
You may distribute any amount up to $100,000 in a calendar year to charity, as long as it is completed by December 31 of the year in which you intend to make the charitable distribution.
Your IRA administrator must make the distribution directly to the charity, or you may write a check payable to the charity from your IRA checkbook.
If you make a gift to Saturday Academy from your IRA, please include written instructions on how you would like to designate your gift by making a note on your IRA check.
For more information, please contact Saturday Academy at 503.200.5858 or development@saturdayacademy.org or your IRA administrator.