Giving Through Your IRA
Leverage your retirement assets to benefit you and your family, reduce your tax burden, and support CBF’s mission.
CBF supporters age 70½ years or older are choosing to support our mission today while conserving their cash assets and reducing their taxable income by initiating a Qualified Charitable Distributions (QCD) and giving through their Individual Retirement Account (IRA).
When you send your annual or special year-end gift to CBF directly from your IRA, you exclude the gift amount from your taxable income and enjoy valuable tax savings.
Supporters of all ages are also choosing to name CBF a full or partial beneficiary of their IRA, 401(k), 403(b), and other qualified retirement plans. Unlike gifts to family, which can create significant tax burdens, CBF pays no tax on these assets, ensuring every dollar helps protect the Bay’s future.
To initiate a current or future gift to CBF through your retirement account, contact your plan administrator today and provide the following information:
Chesapeake Bay Foundation
6 Herndon Avenue
Annapolis, MD 21403
Tax ID# 52-6065757
To learn more about using your IRA to help save the Bay and its rivers and streams, contact Member Relations at member@cbf.org or 443-482-2189 with any questions.
More on Tax Smart Giving
Watch our Maryland Tax Smart Giving webinar with financial experts to explore the benefits of giving through DAFs, IRAs, wills, and more. Some content is specific to Maryland tax laws, so please contact Member Relations at the phone number or email address above if you have any questions.
