Required Minimum Distribution - Compassion International


Required Minimum Distribution

At age 70 ½, IRS regulations require individuals with qualified retirement accounts to begin taking minimum withdrawals from their account, which is also known as Required Minimum Distributions (RMD).

An elderly woman in Togo wears a blue sleeveless shirt with her arms akimbo and a round tub balanced on her head

To avoid the risk of a higher tax bracket, you can also gift your Individual Retirement Account RMD to charity. You’ll benefit when you receive a charitable deduction while supporting Compassion’s mission to release children from poverty in Jesus’ name.

To donate all or a portion of your RMD:

  • Contact your retirement administrator, notifying them you would like to donate your RMD directly to Compassion.
  • Your administrator will disperse the funds directly to Compassion. This direct disbursement avoids federal tax on the RMD.
  • Compassion’s formal address and Tax ID below will be required to complete this transaction.

Compassion International Inc.
Attn: Gift Planning Dept.
12290 Voyager Parkway
Colorado Springs, CO 80921-3668
Tax ID: 36-2423707

  • Provide your Compassion Relationship Manager with the name of the administrator and where you would like the funds to be designated.

In addition to your RMD, you can gift a larger portion of your qualified retirement account to Compassion. In 2016, Congress instated the IRA Charitable Rollover, which allows IRA account owners to gift up to $100,000 from their account to a qualified charity in a calendar year.