If you are 70½ or older, you can donate to the Vermont Land Trust directly from your Individual Retirement Account (IRA) without it being considered a taxable withdrawal. And if you are over 72, the gift can count toward your required minimum distribution. Here’s what you need to do to get started:
Option 1: Donate online:
Some IRA providers will let you donate to us through an online form on their website. You’ll need this information to complete your donation:
- Our legal name: Vermont Land Trust, Inc.
- Our mailing address: 8 Bailey Avenue, Montpelier, VT 05602
- Our federal tax ID number: 03-0264836
The key thing to remember is that IRA donations need to come to VLT directly from your IRA provider, otherwise they will be counted as taxable distributions to you.
Option 2: Donate by mail:
See if your IRA provider offers an mail-in form. If you have any questions about this, or need help, please reach out to us!
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