Special Tax-Free IRA Gifts
Making a gift to KCTS 9 from your IRA is a tax-wise way to enrich the lives of your family, friends and neighbors.
If you are 70½ or older, the IRA Charitable Rollover allows you to make a tax-free qualified charitable distribution (QCD) directly from your IRA. Gifts up to $100,000 are excluded from your federal income. If you file a joint return, each spouse can exclude up to $100,000 for a maximum of $200,000 each year. This charitable distribution will even count towards your required minimum distribution (RMD) once you are required to take a RMD.
You can enjoy these special tax savings so long as:
- The distribution is made from either your Traditional or Roth IRA.
- The distribution is made to a qualified charitable organization, like KCTS 9.
- The distribution is made directly by your plan administrator to KCTS 9.
A gift made from your IRA will never count as income but always makes a difference!
How to Give
Contact your plan administrator and request a qualified charitable distribution (QCD) be made directly to KCTS 9. It’s important to know that if you receive the distribution first and then donate the proceeds, the gift will not count as a qualified charitable distribution. We encourage you to consult with your advisors to fully understand the legal and financial impact of your charitable gift.
The IRS does not allow for any goods or services to be transferred to you in exchange for a contribution from your IRA; however, your KCTS 9 membership will continue.
We’re Here to Help
If you and your advisors need more information about giving from your IRA, please contact:
IRA Charitable Rollover Instructions
You can make a gift to KCTS 9 from your IRA by completing three simple steps.
1. Initiate the Gift:
The first step is to notify your plan administrator of your desire to make a gift directly from your IRA to Cascade Public Media / KCTS 9 (EIN 91-1221895). Ask your administrator to provide us with your name and address as the donor in connection with the gift, or complete this form and submit it to your plan administrator to include with your QCD gift.
2. Send the Gift:
Sending a Check *
Ask your administrator to send it to:
Cascade Public Media
Attn: Kathy Fennessy
PO Box 84109
Seattle, WA 98124
3. Notify Us:
To ensure your gift is processed in a timely manner, it’s important that we know your IRA gift is on the way. Please call Kathy at (206) 443-6763 or notify Kathy by email at kfennessy@KCTS9.org.
* Please ask your administrator to include your name with the check or ACH transfer.
Cascade Public Media ("CPM") is a 501(c)3 nonprofit organization. Federal Tax ID: 91-1221895. Cascade Public Media, which includes KCTS 9 and Crosscut, is currently registered with the WA Secretary of State's office under the charitable solicitation act at chapter 19.09 RCW - call 1-800-332-4483. Additional financial and other information may be obtained by contacting CPM at 1-800-937-5287 or the Secretary's office by visiting at sos.wa.gov/charities
Donations to Crosscut are tax-deductible to the extent allowed by law. This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice.
For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.