Donation Options
**For legal or tax advice, it is best if you consult an attorney or tax professional.
Planned Giving:
Planned giving can be as easy as designating The San Diego Mountain Biking Association as a beneficiary in your will.
You can also name The San Diego Mountain Biking Association as a residual beneficiary. In this way, you take care of loved ones first and support your passion for trails with any remaining funds.
Sample Language for your Will or Revocable Living Trust:
Residual Gift Language:
A residual bequests comes to The San Diego Mountain Biking Association after all your estate expenses and specific bequests are paid.
I give and devise to The San Diego Mountain Biking Association(EIN 20-1701837), located in San Diego, California, all (or state a percentage) of the rest, residue, and remainder of my estate, both real and personal, to be used for its general support (or state a specific fund or program - please contact us if you would like to discuss how best to be clear about your intent).
Specific Gift Language:
I give and devise to The San Diego Mountain Biking Association(EIN 20-1701837), located in San Diego, California, the sum of $________ (or state specific asset) to be used for its general support (or to support a specific fund or program).
Retirement Plan Beneficiary Language
You may name The San Diego Mountain Biking Association(EIN 20-1701837) as a beneficiary of your IRA or other qualified retirement benefits. Potential donors should consult with a tax advisor about the benefits of such a gift.How to Donate Tax-Free Dollars from Your IRA
Leverage your retirement savings to support local trails.Did you know you can donate up to $100,000 of tax-free income through your IRA’s Required Minimum Distribution (RMD)? The process is called a Qualified Charitable Distribution (QCD), and it allows you to support qualified 501(c)(3) charities directly through your plan’s administrator. This is the smartest way to support our stewardship while keeping money in your pocket! While it isn't eligible for a federal income tax charitable deduction, the benefits of not having the distribution count as income, can be significant.
Do you qualify?
You must be 70 ½ and own an IRA to qualify for QCDs. Chat with your financial institution to discuss your options in more detail.
Getting started
Please give us a shout if you have any questions about donating from your RMD. It’s always a good idea to get in touch with your personal financial advisor to ensure that an RMD contribution is the best way for you to support both our organization and your personal financial goals.
If you’re ready to give, you can use the email template below to request a distribution from your IRA administrator.
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[Your Name]
[Your Address]
[Date]
[Name of IRA administrator]
[IRA Administrator Address]
RE: Request for a Qualified Charitable Distribution or Charitable Rollover from IRA
Dear IRA administrator:
Please accept this letter as my request to make a qualified charitable distribution, also known as a charitable rollover from my Individual Retirement Account #[ ______________________] as provided in The Protecting Americans from Tax Hikes Act of 2015 and Section 408(d)(8) of the Internal Revenue Code of 1986, as amended.
Please issue a check in the amount of $[___________] payable to San Diego Mountain Biking Association and mail it to:
San Diego Mountain Biking Association
PO Box 881491
San Diego, CA 92168
In your transmittal, please include my name and address as the donor of record in connection with the distribution and copy me.
It is my intention that this distribution qualifies for exclusion from my taxable income during the [insert tax year].
If you have any questions or need to contact me, I can be reached at [insert contact information].
Thank you,
[Your Name and Email]