IRA DISTRIBUTION

IRA Qualified Charitable Distribution

Making a gift from your IRA to Prairie Public is a tax-wise way to enrich the lives of your family, friends, and neighbors.

If you are 70 1/2 and older you can make a "qualified charitable distribution" directly from your IRA.

Benefits from an IRA Charitable Distribution (QCD):

• Avoid taxes on transfers of up to $100,000 from your IRA to Prairie Public
• Satisfy your required minimum distribution (RMD) for the year (if you are over 72 and must take distributions)
• Reduce your taxable income, even if you do not itemize deductions
• North Dakota residents can support Prairie Public with a gift to Prairie Public's endowment fund ($5,000+) and also receive the ND Tax Credit.

A gift made from your IRA will never count as income, but always makes a difference!

How to Give

Contact your plan administrator and request a "qualified charitable distribution" be made directly to Prairie Public. It's important to know that if you first receive the distribution and then donate the proceeds, the gift will not count as a qualified charitable distribution. We encourage you to consult with your advisers to fully understand the legal and financial impact of your charitable gift.

We're here to help

If you and your advisers need more information about giving from your IRA, please contact Troy Davis at 701-239-7510.

Other options for donating retirement assets

Part of an estate plan: There can be significant tax advantages to donating retirement assets to Prairie Public as part of an estate plan. When done properly, charitable donations of retirement assets can minimize the amount of income taxes imposed on both your individual heirs and your estate.