Give From Your IRA
If you’re 70 ½ years of age or older, you can make charitable contributions from your traditional or Roth IRA, potentially reducing your taxable income. You can give any amount (up to a maximum of $108,000) this year from your IRA directly to a qualified organization such as Cleveland Metroparks without having to pay income taxes on the money. 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 Type of Gift?
- Your gift will be put to use today, allowing you to see the difference your donation is making.
- If you are required to take minimum distributions, you can use this gift to satisfy all or part of your obligation.
- 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 dedications.
- 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.
Donations can be directed to the area of greatest need, Trails Fund, or any of our available restricted funds. You can find a complete listing of available funds below.
PLEASE NOTE: When making a gift via your IRA, please request that your name and address be included with the payment so that we are aware of who directed the gift. We recommend that you contact us directly to inform us of your gift, so that we can thank you for your generosity and ensure your intentions are followed.
Are there other ways to give THROUGH AN IRA?
For Those 59½ Years Old or Older
If you are at least 59½ years old, you can take a distribution and then make a gift from your IRA without penalty. If you itemize your deductions, you can take a charitable deduction for the amount of your gift.
At Any Age
No matter your age, you can designate Cleveland Metroparks as the beneficiary of all or a percentage of your IRA and it will pass to us tax-free after your lifetime. It’s simple, just requiring that you contact your IRA administrator for a change-of-beneficiary form or download a form from your provider’s website. Click here for more information.
FUND INFORMATION
Below is a listing of funds donations may be directed to. If no fund is specified donations will be directed to the area of greatest need.
Most Popular:
- Area of Greatest Need
- Conservation Fund
- Trails Fund
- Fishing Fund
- Land Protection Fund
- Outdoor Education Fund
- Legacy Fund
- Patrick S. Parker Community Sailing Center
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Reservation Enhancement Funds:
- Acacia Enhancement Fund
- Bedford Enhancement Fund
- Big Creek Enhancement Fund
- Bradley Woods Enhancement Fund
- Brecksville Enhancement Fund
- Brookside Enhancement Fund
- Edgewater Park Play Area
- Edgewater Park Enhancement Fund
- Euclid Creek Enhancement Fund
- Garfield Enhancement Fund
- Hinckley Enhancement Fund
- Huntington Beach Enhancement Fund
- Mill Stream Enhancement Fund
- North Chagrin Enhancement Fund
- Ohio & Erie Canal Enhancement Fund
- Rocky River Enhancement Fund
- South Chagrin Enhancement Fund
- Squire's Castle Restoration Fund
- Wallace Lake Enhancement Fund
- Washington Reservation Fund
- West Creek Enhancement Fund
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Nature Center Funds:
- Brecksville Nature Center
- CanalWay Center
- North Chagrin Nature Center
- Rocky River Nature Center
- Watershed Stewardship Center
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Additional Funds:
- Accessibility Fund
- Field Trip Transportation Fund
- Golf Education Fund
- Golf Improvement Fund
- Outdoor Experiences Scholarship Fund
- Outdoor Recreation Fund
- Police Mounted Unit Fund
- Police K-9 Unit Fund
- Rivers & Lakes Fund
- Youth Outdoors Fund
- Centennial Forests Fund
- Emerald Necklace Endowment Fund