IRA Charitable Distribution Provides Giving Opportunity

We can help you turn your retirement account into a vehicle for charitable giving.

Wondering what to do with your annual IRA distribution? We have good news for charitably minded taxpayers in their 70s and up—and for the communities and causes they care about most. A permanent change in federal law now makes it possible to give individual retirement account (IRA) assets to charity, free from federal tax, every year. 

You could give far more with less by directing your IRA charitable rollover to the Eau Claire Community Foundation’s Community Fund—or you may consider establishing a family endowment at ECCF. This may be an attractive giving option if you are:

  • A single or married individual at least 70½ years old who’s required to take minimum IRA distributions but who doesn’t need the extra income.
  • Interested in making a significant gift to impact your community.

“We can help you take advantage of this legislation and experience the joy of giving during your lifetime,” said Sue Bornick, ECCF Executive Director. “We have the knowledge and expertise to guide people and make the most out of their contribution.”  

 Common Questions About Charitable IRAs

 What are the key benefits of an IRA charitable rollover?

  • Avoid taxes on a transfer of up to $100,000 from your IRA to ECCF
  • Satisfy your required minimum distribution (RMD) for the year
  • Reduce your taxable income, even if you do not itemize deductions
  • Make a gift that is not subject to the 50% deduction limits on charitable gifts

Why give your IRA charitable rollover to the Eau Claire Community Foundation?

  • Personalized ServiceWe can make your charitable transfer easy, flexible and effective, helping you achieve your personal, charitable and financial goals. 
  • Local Expertise—ECCF staff members have a deep knowledge of the community and work hard to serve the people who live here. When you give to the community foundation, you know your gift will be used wisely. 
  • Community Leadership—We take great care in bringing the community together for the common good, pooling our resources to strengthen our greatest assets.

How should I direct my IRA charitable rollover to ECCF?

Contact your IRA plan administrator to make a gift from your IRA to ECCF. Your IRA funds will be directly transferred to ECCF to help continue our important work. Please note that, under current law, IRA charitable rollover gifts cannot be made to your donor-advised fund.  Please contact us if you wish for your gift to be used for a specific purpose or want help in establishing a family endowment.

How do I designate ECCF as the beneficiary of my IRA in my will or estate plan?

When naming ECCF as the beneficiary of a retirement plan, please use the legal name Eau Claire Community Foundation and Tax ID number 39-1891064. Please also indicate the name of the ECCF fund that should receive the gift.

For more information on charitable giving and the charitable IRA opportunity, please contact Sue Bornick at (715) 552-3801 or