Transferring your Required Minimum Distribution is a great way to support VVCC. RMDs are the minimum amounts the IRS requires you to withdraw annually from most tax-deferred retirement accounts, such as traditional IRAs, 401(k)s, and 403(b)s. You generally must begin taking withdrawals by April 1 of the year following your 73rd birthday, and by December 31 each subsequent year. You can transfer up to $111,000 (as of 2026) directly from your IRA to an eligible charity. This counts toward your RMD, avoids income taxes on the distribution, and satisfies your withdrawal requirements.
Linda M. Clark
VVCC Development Director
(928) 204-1238
When gifting securities directly to VVCC you can bypass capital gains taxes and claim a deduction for the asset's full market value. (Donors can generally deduct the entire fair market value of the donated stock from their taxable income, up to 30% of their adjusted gross income).
A donor advised fund is a charitable investment account that allows you to make an irrevocable contribution of cash or assets to an IRS qualified public charity over time. You get an immediate tax deduction in the year you contribute the funds. The contributed assets are placed into investment pools where they can grow tax-free. You can build larger pool of money to support causes you care about. The sponsoring organization (i.e. Fidelity Charitable, Vanguard Charitable) handles all administrative tasks. VVCC can benefit now or in the future.
Do you have certificates of deposit that are nearing maturity? Consider converting CD funds to a gift annuity. A charitable gift annuity is a contract in which you exchange a gift of cash or securities for a fixed income each year for the rest of your life. Your gift annuity offers five advantages: income for life; tax deduction savings; tax-free payout; capital gains tax savings; and personal satisfaction for making a gift of lasting significance. VVCC’s minimum gift anticipated for funding is $50,000 and the minimum age is 62.
For more information on these avenues of giving, please contact your financial advisor.
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