IRA QCDs or IRA Charitable Rollovers, as they are sometimes called, are an increasingly popular way for donors 70 ½ or older to support EBCF. You can make up to $105,000 in tax-free charitable distributions annually, supporting communities right here in the East Bay, lowering your taxable income and, if you’re 73 or older, helping you meet your minimum distribution requirement or RMD.
You can make a QCD gift if:
- You are over 70½.
- You transfer funds directly from a traditional IRA or a Roth IRA, and your IRA gifts for a given tax year are up to $105,000 per individual.
- You transfer the gift outright to EBCF, but not to a supporting organization, Donor Advised Fund (DAF), charitable trust, or gift annuity.
Given these restrictions, EBCF’s Field of Interest Funds are an excellent option for donors and fund advisors who want to invest in the East Bay while also taking advantage of the benefits of QCDs. Here are two of the funds driving our impact in the East Bay:
EBCF Future Fund
Contributions to the EBCF Future Fund strengthen our organization, helping us secure our community’s future. Your gift allows us to innovate and proactively address challenges, from public health crises to climate change. Donations to the Leaders Fund also support our operations, including salaries for our grant-making team and philanthropic advisors.
Campaign for a Just East Bay (CAMP)
CAMP is a central fund for strategic investment, mobilizing $4.2M during the 2023-2024 fiscal year. Together, we can create a just and inclusive East Bay by pooling our community’s resources to amplify our collective impact and accelerate meaningful change. By donating to CAMP, you support EBCF’s core Field of Interest Funds and our leadership initiatives across the East Bay.
To initiate a QCD from your IRA to EBCF, your IRA trustee will need the following information:
Legal name: East Bay Community Foundation
Taxpayer ID: 94-6070996
Address: 200 Frank H. Ogawa Plaza, Oakland, CA 94612
IRA Qualified Charitable Distribution (QCD) Form
"*" indicates required fields
When EBCF receives the QCD gift from your financial institution, EBCF will provide you with an acknowledgement letter of the gift date and amount, stating no goods or services were transferred to you in consideration for the gift.