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IRA Giving

Learn more about the tax advantages associated with these gifts.

If you are over 70½ years of age, you may be able to take advantage of income tax savings by making a gift to the La Porte County Symphony Orchestra with a distribution from your Individual Retirement Account (IRA).

Here is how it works:

  • Direct your IRA administrator to process a distribution to the LCSO. This is called a Qualified Charitable Distribution (QCD).
    This is usually done with a form provided by the financial institution that holds your IRA. In some cases, individuals will have an IRA checkbook, in which case you can simply write a check payable to the LCSO from your IRA checkbook.
  • After age 73, the gift can count toward your annual required minimum distribution (RMD) and not as income for tax purposes.
    In 2026, you may distribute a total amount up to $111,000 (per individual) to the LCSO and other charities, completed by December 31 of the year in which you intend to make the charitable distribution.

Important Note: In order for this gift to count towards your RMD in a year, please make sure that it arrives at the LCSO by December 15 of that year. This is to ensure enough time for the check to be deposited and processed by the bank.

You may need to provide the following information to the financial institution that holds your IRA:

  • Name: La Porte County Symphony Orchestra
  • LCSO’s Tax ID Number: 23-7378110
  • Contact Information:

It is helpful to let us know when you have made an IRA gift, but there is no form you need to complete with the LCSO to provide support through your IRA.

You can also support the future of the LCSO by naming the Orchestra as a beneficiary of your IRA to receive some portion of the funds remaining at your passing.

Similar to making an annual distribution, the financial institution that holds the IRA often has a simple form that you can complete.

If you decide to include the LCSO as a beneficiary of your IRA, let us know! We would appreciate the opportunity to honor your commitment and thank you.

The LCSO does not pay taxes on gifts received when it is named as the beneficiary of an IRA. On the other hand, IRA beneficiary designations to individuals will be taxed.

For More Information

We would be happy to help you understand the options available and the ways to go about setting up a plan that is just right for you. Contact a member of our team to help answer any questions you might have.

Tim King

Planned Giving Coordinator

502-379-0380

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