side menu icon

IRA & Planned Gifts

With IRA and planned gifts, you can leave behind a lasting legacy with Girl Scouts that will impact girl leaders for generations to come.

IRA Charitable Rollover

If you are 70½ years old or older, you can take advantage of a simple way to benefit Girl Scouts River Valleys and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity such as ours without having to pay income taxes on the money. This law no longer has an expiration date, so you are free to make annual gifts to our organization this year and well into the future.

Why consider an IRA gift?

  • Your gift will impact Girl Scouts today, allowing you to see the amazing impact your donation is making.
  • You pay no income taxes on the gift. Given recent tax code changes in standard deductions, the tax-free IRA gift is a way to maximize your giving. Since the transfer generates neither taxable income nor a tax deduction, you benefit even if you do not itemize your deductions.
  • If you have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.

Frequently Asked Questions

What is Girl Scouts River Valleys Tax ID number?

Girl Scouts of Minnesota and Wisconsin River Valleys’ Tax ID number is 41-0693910.

I've already named Girl Scouts River Valleys as the beneficiary of my IRA. What are the benefits if I make a gift now instead of after my lifetime?

By making a gift this year of up to $100,000 from your IRA, you can see your philanthropic dollars at work. You are jump-starting the legacy you would like to leave and giving yourself the joy of watching your philanthropy take shape. Moreover, you can fulfill any outstanding pledge you may have made by transferring that amount from your IRA.

I'm turning age 70½ in a few months. Can I make this gift now?

No. Legislation requires you to reach age 70½ by the date you make the gift.    

I have several retirement accounts—some are pensions and some are IRAs. Does it matter which retirement account I use?

Yes. Direct rollovers to a qualified charity can be made only from an IRA. Under certain circumstances, however, you may be able to roll assets from a pension, profit sharing, or 401(k) or 403(b) plan into an IRA and then make the transfer from the IRA directly to Girl Scouts River Valleys. To determine if a rollover to an IRA is available for your plan, speak with your plan administrator.

Can my gift be used as my required minimum distribution under the law?

Yes, absolutely. If you have not yet taken your required minimum distribution, the IRA charitable rollover gift can satisfy all or part of that requirement. Contact your IRA custodian to complete the gift.    

Do I need to give my entire IRA to be eligible for the tax benefits?

No. You can give any amount under this provision, as long as it is $100,000 or less this year. If your IRA is valued at more than $100,000, you can transfer a portion of it to fund a charitable gift.    

I have two charities I want to support. Can I give $100,000 from my IRA to each?

No. Under the law, you can give a maximum of $100,000. For example, you can give each organization $50,000 this year or any other combination that totals $100,000 or less. Any amount of more than $100,000 in one year must be reported as taxable income.    

My spouse and I would like to give more than $100,000. How can we do that?

If you have a spouse (as defined by the IRS) who is 70½ or older and has an IRA, they can also give up to $100,000 from their IRA.    

It is wise to consult with your tax professionals if you are contemplating a charitable gift under the extended law.

Planned Giving

You can sustain Girl Scouts’ all-girl legacy and your own charitable legacy long into the future with a planned gift. By including just one line about Girl Scouts in your will or revocable trust, you are stating with confidence that you want to join us in standing up for girls in future generations. By participating in planned giving, you will also ensure your membership in the esteemed Juliette Gordon Low Society and your generous support will be recognized at an annual luncheon, held in the fall.

A bequest is easy to arrange, does not alter your current lifestyle, and can be easily modified to address your changing needs. Please consider consulting with your tax professionals about planned giving.

Sample Gift Language

I give Girl Scouts of Minnesota and Wisconsin River Valleys, #41-0693910, the sum of $_____ to be used for its general support.

or

I give Girl Scouts of Minnesota and Wisconsin River Valleys, #41-0693910, ____ percentage to be used to support [specific fund or program].

Let Us Help

Please contact Anne Walters at Anne.Walters@girlscoutsrv.org or 651-251-1250 for more information.

The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.