Support climate action through your IRA
This is a unique giving opportunity for supporters 70½ years old and older to be able to donate to CCAN by making a Qualified Charitable Distribution (QCD) directly from their Individual Retirement Account (IRA). A QCD is a direct, tax-free transfer of funds from an IRA to a qualified 501(c)(3) public charity. Using QCDs can also satisfy a donor’s Required Minimum Distribution (RMD) once they reach the age of 73. An individual donor can contribute up to $111,000 per year in QCDs. For married couples, each spouse can make QCDs up to the limit for a potential total of $222,000.
A QCD is made as a direct transfer to a charity, never passing through the hands of the IRA holder. The IRA custodian can either send an electronic transfer of funds or a check directly to the charity. For a QCD to count toward a minimum annual IRA distribution, it must be made by the same deadline as a normal distribution, which is usually Dec. 31 of the tax year in question.
To donate to Chesapeake Climate Action Network (CCAN) through your IRA, provide your IRA custodian with our information below to begin the process. If you have questions, we suggest you reach out to your tax advisor.
Name: Chesapeake Climate Action Network
Tax ID: 11-3644283
Address: P.O. Box 11138, Takoma Park, MD 20913
Contact: Courtney Dyson, Senior Fundraising Director, courtney@chesapeakeclimate.org
CCAN’s Commitment to Donors
We will not sell, share or trade our donors’ names or personal information with any other entity, nor send mailings to our donors on behalf of other organizations. This policy applies to all information received by CCAN, both online and offline, on our website, as well as any electronic, written, or oral communications.
To the extent that donations are processed through a third-party service provider, our donors’ information will only be used for purposes necessary to process the donation.
