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Office of Philanthropy

 

Office of Philanthropy

Welcome to the website for the ARC Office of Philanthropy, formerly known as the ARC Foundation. American River College raises funds through the Los Rios Colleges Foundation, a 501(c)(3) tax-exempt charitable organization serving all Los Rios community Donate todaycolleges (American River, Cosumnes River, Folsom Lake, and Sacramento City) and the Harris Center for the Arts. Your donation is tax deductible to the extent permissible under law. Donations should be made to "Los Rios Colleges Foundation." The Federal Tax ID is 94-2506591.

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IRA Rollover to Charity
The charitable IRA rollover is a special provision allowing donations of assets from qualified Individual Retirement Accounts (IRA) that are made directly to public charities. While it has been available as a popular donation option since tax year 2006, in December 2015, President Obama signed the legislation indefinitely extending the charitable IRA rollover, making it retroactive to Jan. 1, 2015, with no expiration date.

Why An IRA Rollover Is Such a Great Option
Under current law, withdrawals from traditional IRAs are taxed as income, even if they are immediately directed to a charity. The donor receives a tax deduction for his or her donation, but various other federal, and sometimes state, tax rules can prevent the deduction from fully offsetting this taxable income. As a result, many donors have chosen not to use IRA assets for lifetime gifts. The charitable IRA rollover eliminates this problem. What gifts qualify for a charitable IRA rollover?

  • A gift that qualifies, technically termed a "qualified charitable distribution," is:
  • Made by a donor age 70 1/2 or older
  • Transferred from a traditional or Roth IRA directly to a permissible public charity
  • Completed during the applicable tax year

For further information, contact the Office of Philanthropy or your tax professional. The IRS also had good information on this issue.


Office of Philanthropy
Administration Building
4700 College Oak Drive
Sacramento, CA 95841

Contact
Kirsten DuBray
Director of Donor Relations
(916) 484-8175
dubrayk@arc.losrios.edu