To make a gift from your IRA, simply download the sample form here, complete it and send it to your IRA administrator or, use your IRA administrator’s form directly from their website to request a charitable rollover.
IRA Qualified Charitable Distributions are excluded as gross income for federal income tax purposes on your IRS Form 1040.
The gift counts toward your required minimum distribution for the year in which you made the gift.
Please let your plan administrator know this gift must be sent prior to December 31 to qualify as a charitable distribution for the current tax year. Make sure you contact us by phone at 413-528-0041 when you direct the distribution so we can keep an eye out for the check from your IRA administrator.
Planning for the future?
One of the easiest ways to create a legacy for Berkshire Grown is by designating the organization as a full or partial beneficiary of the remainder of a retirement plan asset (an IRA, 401(k), or 403(b), Keogh or profit sharing pension plan), or life insurance policy. This gift will accomplish a charitable goal while realizing significant tax savings. It can be costly to pass such assets on to heirs because of heavy tax consequences.
Donors should consult with their tax advisor regarding the tax benefits of such gifts.
- Fill out a beneficiary-designation form with the financial or brokerage firm that serves as custodian of your plan and list Berkshire Grown, Inc. (Tax ID #20-0482070), PO Box 983, Great Barrington, MA 01230, as a beneficiary.
- Notify Berkshire Grown so we are aware of this gift. Your plan administrator is not obligated to notify us, so we may not know if you don’t tell us.
- Continue to take regular lifetime withdrawals.
- Neither your heirs nor your estate will pay income taxes on the distribution of the assets.
Berkshire Grown does not provide tax or legal advice. Speak with your professional tax or legal advisor with questions about current or future gifts to Berkshire Grown. Please contact stephanie@berkshiregrown.org with any questions.
