Are you 70½ or older?

You can use your Traditional IRA funds to directly contribute to the UUCS Endowment Fund without recognizing the withdrawal as income. This may be part of your annual Required Minimum Distribution (RMD). 

The Protecting Americans from Tax Hikes (PATH) Act of 2015 made permanent the Charitable IRA Rollover provision of the Pension Protection Act of 2006. A taxpayer age 70½ or older may “roll over,” or transfer, up to $100,000 annually from his or her individual retirement account (IRA) or Roth IRA for a qualified charitable distribution. The amount transferred will be excluded from income of the taxpayer for federal income tax purposes. The amount transferred does not generate a charitable income tax deduction, but it does count toward the taxpayer’s minimum required distribution. If married, each spouse can transfer up to $100,000 from his or her IRA annually.

Simply direct your IRA manager to issue a check directly to the UNITARIAN CHURCH OF SPOKANE ENDOWMENT FUND.