Donate Now
Thank you for considering making a donation to Ironwood Springs Christian Ranch. We rely on the donations of many generous donors in order to spread joy and change lives to so many people through our programs. We are a non-profit 501(c)(3) organization so all gifts are tax deductible.

By clicking the button above, you will have the option to make a general donation or a donation designated for a specific program. If you would rather donate by phone or if you would like to donate through other means such as stock or through IRA distributions, you can call our office at (507)533-4315. You may also email office@ironwoodsprings.com if you have questions.

TAX FREE GIVING FROM YOUR IRA
If you’re over 70.5 years old and have an individual retirement account (IRA), the federal government mandates an annual required minimum distribution (RMD) from that account whether you need the income or not.

That RMD counts as taxable income toward your annual gross income and might boost you into a higher tax bracket, reducing your eligibility for some tax credits and deductions. The good news is that there is the option to gift funds from an IRA that meets RMD conditions and offers advantageous tax protections.

A qualified charitable distribution, QCD, is a special provision of the Protecting Americans from Tax Hikes (PATH) Act in 2015 that allows you to directly rollover RMD funds to an eligible nonprofit without the amount counting towards your taxable income. Also known as an IRA Charitable Rollover, a QCD is an effective tool for managing an annual RMD while also supporting a cause you care about with a charitable gift during your lifetime.

While you should consult your IRA administrator, financial advisor, or tax accountant, here is some information regarding QCDs:
  • You must be 70 ½ or older at the time you make the request to the IRA administrator.
  • The distribution must be made directly from your IRA to the nonprofit.
  • The maximum QCD amount is $100,000 per IRA owner. A married couple filing jointly qualifies for a maximum of $200,000 QCD.
  • The QCD amount counts toward your annual RMD amount.
  • You are not required to use all of your RMD for a QCD.
  • A QCD cannot be claimed retroactively towards funds already taken as an RMD. However, additional distribution can be made (up to the maximum of $100k per person) in the same calendar year and directed as a QCD and will not be counted as taxable income for the year.
  • A QCD applies only to traditional IRAs. While it is possible to make a QCD from a Roth IRA, there is no advantage as these distributions are already tax-free. Distributions from SEP IRAs, SIMPLE IRAs, retirement assets in a 401(k) or 403(b) are not eligible.
When is a Qualified Charitable Distribution is good for you to consider?:
  • If you have significant assets in an IRA and do not rely on your RMD for income and living expenses.
  • If you take the standard deduction when filing taxes rather than itemize. A QCD gives you a tangible tax benefit from your donation in addition to your standard deduction claim.
  • If you want to lower your adjusted gross income (AGI) to reduce income taxes and maintain eligibility for the lowest cost Medicare premiums.
You can contact Tracy at tracy@ironwoodsprings.com or call at 507-533-4315 if you would like more information on how to give through your IRA. 

ESTATE GIVING: Give a Perpetual Gift through Ironwood’s Legacy Fund
Would you like to see Ironwood Springs’ mission live on for the long term? If so, you can name Ironwood Springs’ Legacy Fund in your estate giving. The fund is administered through the Rochester Area Foundation and is management as an endowment fund where the principle will grow and then a certain amount of growth each year will provide for operating funds for Ironwood. You can contact Tracy at tracy@ironwoodsprings.com or call at 507-533-4315 if you would like more information.  
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