Fellow Copperleaf Member:

Our annual grants to our local charities significantly impact the lives of our SWFL neighbors who continue to struggle to meet their food, education, and health care needs. The Copperleaf Charitable Foundation (CCF) supports local charities both financially and through volunteerism so those charities can assist our neighbors in meeting their basic needs. We feed the hungry by supporting the HCFB and its partner agencies.  We help provide healthcare for our Veterans with PTSD, mental health care for children, and support education.  Our Christmas stockings are the only gift some children will get. We cook and deliver a hot Thanksgiving dinner for families who wouldn’t enjoy one otherwise.  Just this Fall we donated $20,000 to provide food for those affected by Hurricanes Helene and Milton. 

 

We are now beginning our Annual Appeal for donations.  The Foundation’s Annual Appeal is THE major source of funding.  We thank you for all you have already done but are now asking for your continued support by contributing to this new fiscal year’s appeal.  Last year the CCF made grants of $245,000 to local charities. (A listing of these charities and the grant amounts is included in this mailing.)  We’re asking for your help so that we might increase our giving this year to offset the impact of inflation.  Our annual Appeal drive goal is $135,000 and the drive will officially end on January 26, 2025.

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You can donate by returning the enclosed envelope that was/will be sent with the annual appeal letter with your check payable to Copperleaf Charitable Foundation.  You can also donate electronically by visiting our website: copperleaffoundation.org/donations. We thank you in advance for considering our ask.

STATE OF FL REGISTRATION# CH63877.  A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL-FREE (800-435-7352) WITHIN THE STATE. REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL, OR RECOMMENDATION BY THE STATE.

The Copperleaf Charitable Foundation is a 501(c)3 non-profit.  Your donation is tax deductible to the extent allowed by law.

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Tax Tip

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R-2022-201, November 17, 2022

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WASHINGTON — The Internal Revenue Service today reminded IRA owners age 70½ or over of their option to transfer up to $100,000 to charity tax-free each year.

These transfers, known as qualified charitable distributions or QCDs, offer eligible older Americans a great way to easily give to charity before the end of the year. Moreover, for those who are at least 72, QCDs count toward the IRA owner's required minimum distribution (RMD) for the year.

How to set up a QCD

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Any IRA owner who wishes to make a QCD for 2023 should contact their IRA trustee soon so the trustee will have time to complete the transaction before the end of the year.

 

Normally, distributions from a traditional individual retirement arrangement (IRA) are taxable when received. With a QCD, however, these distributions become tax-free as long as they're paid directly from the IRA to an eligible charitable organization.

 

QCDs can be made electronically, directly to the charity, or by check payable to the charity.

 

An IRA distribution, such as an electronic payment made directly to the IRA owner, does not count as a QCD. Likewise, a check made payable to the IRA owner is not a QCD.

 

Each year, an IRA owner age 70½ or over can exclude from gross income up to $100,000 of these QCDs. For a married couple, if both spouses are age 70½ or over and both have IRAs, each spouse can exclude up to $100,000 for a total of up to $200,000 per year.

 

The QCD option is available regardless of whether an eligible IRA owner itemizes deductions on Schedule A. Transferred amounts are not taxable, and no deduction is available for the transfer.