If you are 70 ½ or older, you can make a tax-free distribution from your traditional or Roth IRA to Trout Unlimited. TU supporters can donate up to $100,000 each year without incurring income tax on their withdrawal. It’s an efficient way to support TU through your required minimum distributions, and in many circumstances, can help individuals save significant taxes.
To qualify as a tax-free distribution:
- An individual must be 70 ½ or older.
- The contribution needs to come directly from the financial institution that holds your retirement assets.
- To qualify as a required minimum distribution in any given year, the donation must be received and deposited by Trout Unlimited in that year.
- No goods or services may be provided in exchangefor your contribution.
If you’re under the age of 70 ½ you can still support Trout Unlimited with your IRA. Simply make a withdrawal and donate the proceeds after taxes.
Please consult your professional tax advisor before contributing through your retirement account.
Another great way to support Trout Unlimited is by naming the organization as a beneficiary of your IRA, 401(k), or other qualified retirement plan. You can simply request a beneficiary designation form from your plan provider and include TU as a full or partial beneficiary.