IRA Charitable Rollover
(Qualified Charitable Distribution)
Individuals who are over 70.5 may make gifts of up to $111,000 directly from their IRA to the North Dakota Community Foundation for the benefit of the BisMan Community Foundation.
Benefits of an IRA Charitable Rollover
Avoid taxes on transfers of up to $111,000 from your IRA.
Satisfy your required minimum distribution (RMD) for the year.
Reduce your taxable income, even if you do not itemize deductions.
Make a gift that is not subject to the 50% deduction limits on charitable gifts.
Support your community forever with a gift to our endowment fund.
How an IRA Charitable Rollover Gift Works
Contact your IRA plan administrator to make a gift from your IRA to the North Dakota Community Foundation (which manages the BisMan Community Foundation endowment fund).
Your IRA funds will be directly transferred to NDCF for the benefit of the BisMan Community Foundation.
Please note that IRA charitable rollover gifts do not qualify for a charitable deduction and cannot be given to a donor-advised fund or a private foundation.
Contact us with your questions at BisManCommunityFoundation@gmail.com or 701-222-8349.