Planned Giving

You can make bequests to charities by including specific language in your will or living trust, leaving a portion of your estate to the NWACC Foundation. You can also name the NWACC Foundation as a beneficiary of your bank accounts, investment accounts, life insurance policy, Donor Advised Fund (DAF), and retirement assets, including IRAs, Roth IRAs, 401(k)s, 403(b)s, and other pension plans.

A gift from an individual retirement account (IRA) or another retirement asset can help students at NorthWest Arkansas Community College. 

If you are over age 70½, you may give a gift from your IRA as a tax-free distribution to a qualified charity. This means that an amount (up to $108,000 annually) transferred from your IRA directly to the NWACC Foundation can count toward your required minimum distribution (RMD) without being considered taxable income. This deduction lowers your adjusted gross income (AGI). The distribution, also known as an IRA Charitable Rollover, is authorized by Section 408(d)(8) of the Internal Revenue Code. As a qualified charitable IRA rollover, the gift must be transferred from a traditional IRA directly to a qualified public charity and must be completed during the applicable tax year.

The NWACC Foundation must receive your gift by Dec. 31 for your IRA charitable distribution to qualify for that tax year.  

You can recommend a grant from your Donor Advised Fund (DAF) to benefit the NWACC Foundation by contacting your fund administrator or making a grant recommendation online. Consider making the gift a recurring grant and/or naming the NWACC Foundation as the beneficiary of your DAF.