There are many tax-smart ways to support Grounds For Sculpture. If you’re 70½ or older, a Qualified Charitable Distribution (QCD), often called an IRA Charitable Rollover, allows you to make a gift directly from your IRA while potentially reducing your taxable income.
ELIGIBILITY REQUIREMENTS
- Donor must be at least 70½ years old at the time the gift is made.
- The transfer must be made directly from your IRA administrator to a qualified charity, such as Grounds For Sculpture.
- Individuals may transfer up to $111,000 annually through a Qualified Charitable Distribution (QCD) in 2026.
- A charitable IRA distribution may be used to fulfill an existing pledge.
- Please note: The minimum age for making a Qualified Charitable Distribution (QCD) is 70½, while individuals generally begin taking Required Minimum Distributions (RMDs) at age 73. As a result, donors may be eligible to make tax-advantaged charitable gifts from their IRA before RMDs are required.
Benefits of an ira Charitable Rollover
- Make a significant charitable gift without using cash or other assets.
- The rollover amount is generally excluded from your taxable income.
- Use your gift to satisfy all or part of your Required Minimum Distribution (RMD), if applicable.
- Receive tax benefits even if you do not itemize deductions.
- Support the exhibitions, education programs, and experiences that make Grounds For Sculpture a place of inspiration and connection.
how to direct an ira Charitable rollover to Grounds For Sculpture
- Contact your IRA plan administrator and request their Qualified Charitable Distribution or IRA Charitable Rollover form.
- Direct your administrator to transfer your gift directly to Grounds For Sculpture.
- To receive charitable credit for the current tax year, the transfer must be completed by December 31, 2026. If your administrator mails a check, we recommend using certified mail and allowing ample processing time.
- Please notify Grounds For Sculpture of your gift designation by noting it on your transfer instructions or by contacting:
Marissa Reibstein
Chief Development Officer
(609) 249-0233
mreibstein@groundsforsculpture.org
Thank you for considering a tax-smart gift that supports Grounds For Sculpture’s mission to inspire, surprise, and engage all who visit.