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 make a difference!
How to Give
Contact your plan administrator and request a qualified charitable distribution 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.
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.
2. Send the Gift:
Sending a Check *
Ask your administrator to send it to:
Cascade Public Media
Attn: Becky Magnuson
401 Mercer St.
Seattle, WA 98109
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 Becky at (206) 443-6730 or notify Becky by email at bmagnuson@KCTS9.org.
* Please ask your administrator to include your name with the check or ACH transfer.
Donations to KCTS 9 are tax-deductible to the extent allowed by law. Cascade Public Media, which includes KCTS Television and Crosscut, is registered under RCW 19.09. You may contact the Washington Secretary of State at 800.332.4483 or visit sos.wa.gov/charities for more information