Ways to Give

IRA Charitable Gift

Are you 70½ or older and looking for a way to reduce your taxable income? A Qualified Charitable Distribution (QCD) to the Peconic Land Trust from your IRA may be just the solution. Here are some of the advantages of a QCD:

  • It reduces your adjusted gross income (AGI) by up to $100,000, so less income is taxable.
  • It lowers the taxable portion of your Social Security benefit, which could potentially decrease your Medicare premiums.
  • It helps maximize the tax impact of your charitable giving, especially for those who are no longer eligible to claim the itemized deduction.
  • It can satisfy some or all of your required minimum distribution.
  • It can help lower your taxable estate, which may defray future state and federal taxes.

Interested? Please talk to your IRA custodian, financial planner or accountant to see if this option will work for you. 

Request your direct distribution to:

Peconic Land Trust
Attn: Amanda Abraham
PO Box 1776
Southampton, NY 11969

After you have completed the transfer, please contact Amanda Abraham by email or by calling 631-283-3195 and let us know the arrangements you have made.  This is necessary since these gifts often arrive without identification and we want to properly thank you!

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