Smart Giving From Your IRA

A Tax-Saving Way to Help CAF
Make a difference today and save on taxes. It is possible when you support CAF through your IRA.

A Special Opportunity for Those 70½ Years Old and Older

You can give any amount (up to a maximum of $105,000) per year from your IRA directly to a qualified charity such as CAF without having to pay income taxes on the money. Gifts of any value $105,000 or less are eligible for this benefit and you can feel good knowing that you are making a difference at CAF. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.

Why Consider This Gift?

• Your gift will support our mission today, allowing you to see the difference your donation is making.
• Beginning in the year you turn 73, you can use your gift to satisfy all or part of your required minimum distribution (RMD).
• You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
• Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
And now, you can fund your gift using your IRA assets. If you are 70½ and older, you can make a one-time election of up to $50,000 to fund a Charitable Gift Annuity, Click here for information about Charitable Gift Annuity. While your gift does not qualify for an income tax deduction, it does escape income tax liability on the transfer and count toward all or part of your required minimum distributions.

Next Steps

Contact the Development Office at (877) 767-7175, ext. 105 or development@cafhq.org to discuss using your IRA to support CAF and our mission.
To include CAF in your plans, please use our legal name and federal tax ID. Please let us know of your gift (many retirement providers assume no responsibility for letting nonprofits know of your intentions so your goals won’t be honored).
Legal name: Commemorative Air Force
Legal address: Commemorative Air Force, Dallas Executive Airport, P.O. Box 764769, Dallas, Texas 75376 Federal Tax ID: 74-1484491

Not intended as tax or legal advice. Please consult your tax/legal advisor to determine if a QCD is right for you.