© 2024

For assistance accessing the Online Public File for KAXE or KBXE, please contact: Steve Neu, IT Engineer, at 800-662-5799.
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Charitable IRA Giving

An IRA Charitable Distribution, also known as a Qualified Charitable Distribution (QCD), is a great hands-off, convenient way to support KAXE while receiving tax benefits in return.

Why Consider this Gift?

  • A QCD permits you to make donations to charitable organizations such as KAXE without counting the distribution as part of your adjusted gross income (AGI) and, consequently, without paying taxes on it.
  • You won't recognize the distribution as income for federal nor state tax purposes.
  • The distribution can count toward your required minimum distribution (RMD) for the year.

How do I Qualify?

  • You must be at least 70 1/2 years old and required to make an annual distribution from your IRA.
  • Your total combined IRA Charitable Rollover donation cannot exceed $100,000 in any one year.
  • Distributions can only be made from traditional IRAs or Roth IRAs. Charitable donations from 403(b), 401(k), pension and other retirement plans are ineligible for the tax-free treatment.
  • You cannot receive any goods or services in return for your IRA Charitable Rollover donation in order to qualify for the tax-free treatment.

What steps do I need to take to start the process?

  • Reach out to your legal, tax or financial advisor and ask them to set up Qualified Charitable Distributions to benefit KAXE.

At Any Age

Regardless of your age, you can designate KAXE as the beneficiary of all or a portion of your IRA. Contact your IRA administrator for a change-of-beneficiary form or download one from your provider's website.

Please seek the advice of your financial or legal advisor when considering these options as personal circumstances can have a significant impact on whether charitable rollovers are advantageous. We do not provide any legal or tax advice.

When you make an IRA gift to KAXE, please email or call us and let us know. We'll need your name, address, phone number and the amount so we can properly credit you when your gift arrives.

For more information about making an IRA Charitable Rollover donation/QCD, please contact KAXE Development Director Chris Walker by email at cwalker@kaxe.org or by phone at 218-326-1234.