LEGACY PLANNING SERIES: TRADITIONAL IRA/401k AND QUALIFIED CHARITABLE DISTRIBUTIONS
Naming the RAF as a full or partial beneficiary of your traditional IRA or 401k can save estate taxes, and tax on the ordinary income. You can even specify a project if you wish!
- The IRA/401k provides an RAF donor a very simple way to make a legacy gift to the RAF. You simply name the RAF a full or partial (fractional) beneficiary, or state a dollar amount of residual benefits in your plan.
- You may also declare the RAF a “contigent beneficiary.” You may leave your IRA to your spouse or family member, after which the RAF becomes the beneficiary.
- These gifts can avoid potential double taxes on IRA proceeds – first as part of the estate, then as ordinary income to the beneficiary. The IRA Charitable Rollover allows taxpayers over age 70 1/2 to donate up to $100,000 annually from their IRA without having to first declare the distribution as income. Such distributions count toward the Donor’s Required Minimum Distribution (RMD).
- The Donor may specify a project, or the RAF will simply use it to further the RAF Mission to preserve, improve, and create airstrips for recreational access.
Consult your tax/legacy planner, then contact us for help in considering this way to leave a legacy.
There are several other ways you can help while preserving your lifestyle. Watch our website to learn about another option next month.
Submitted January 12, 2024.
Posted in News
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RAF President Bill McGlynn met in mid-June with the US Forest Service, Idaho Dept of Aeronautics, and Idaho Aviation Association to evaluate steps to improve Magee (S77) airstrip, 23 nm east of Coeur d’Alene. On the way, Bill picked up Joe Sober, one of two airport engineers from Oklahoma City who have volunteered their professional services, and have been instrumental in creating maintenance and remediation plans on Idaho backcountry airstrips. “The Forest Service engineering teams have too much on their plate just addressing roads, so having this resource to make airstrip engineering assessments and plans is instrumental to resolving challenges on USFS airstrips like Magee,” McGlynn said. The improvement project at Magee has been organized through a Cost Share Agreement the RAF has with the USFS. McGlynn, Sober, Willy Acton of the Idaho Airstrip Network, along with USFS District Ranger Holly Hampton, Don Macintosh of IAA, Dan Conner of Idaho Aeronautics, and RAF Idaho Ambassador George Weaver investigated the sources of flooding that plague Magee airstrip every spring and analyzed means of re-directing the problematic water. Magee airstrip was created in the 1940s by the Corp of Engineers as a hidden fighter base in case of Japanese attack on the western US coast. A dike that was built to channel water away from the runway has eroded over the eighty years. Sober took numerous measurements and will develop a plan to submit to the USFS for approval. Work could begin over the next year or two to recover about 700 feet of runway. “We truly could not do this work without our volunteer engineers and are very fortunate to have their expertise,” McGlynn said. Weaver said, “The airstrip is a real gem, and the restoration work will make it a great backcountry destination.”

“It was really nice to spend some time with Wyoming folks cleaning up a little piece of history,” RAF WY/UT Ambassador Karen Larson said of the May 30 work party at Medicine Bow airport, on the historic US airmail route. RAF Wyoming Liaison Joe Feiler organized the work and reports that about 15 people with a wide range of backgrounds arrived at 9 am to help. Attendees included RAF supporters, EAA Chapter 420 members, local residents, as well as Lee Cook, Medicine Bow airport board member and town council member.

Steve Jones was born and raised in Columbus, Ohio just an hour from the birthplace of aviation. He fell in love with airplanes at an early age and has been flying ever since. That passion grew exponentially when he landed off-airport in a tailwheel airplane for the first time and discovered the world of backcountry aviation. He first encountered the RAF while attending a “Peaks to Pavement” seminar in 2019, where he met Ohio State Liaison Christine Mortine. Since that time he has enjoyed supporting the RAF including getting his hands dirty helping with campsite improvements at Noble County Airport. He has also supported technology projects for the HQ team and RAF volunteers. As a State Liaison for Ohio he will be focused on initiating new grant projects, adding more recreational airports in Ohio to the RAF Airfield Guide, and increasing RAF engagement and collaboration. Steve is a graduate of The Ohio State University with a BA in Aviation Management and is a loyal Ohio State Buckeyes football fan. He works in Flight Operations for a large private aviation company where he has worked for the past twenty years. He resides in Pickerington, Ohio with his wife Kasey who is also an aviation enthusiast. Steve can be reached at sjones@theraf.org (614) 353-8895

Joining RAF Ohio Liaison Christine Mortine is Steve Jones, who is stepping into a Liaison role from having volunteered on RAF technology projects. Raised in Columbus, Ohio just an hour from the birthplace of aviation, Steve fell in love with airplanes at an early age. That passion grew exponentially when he discovered the world of backcountry aviation. He first encountered the RAF while attending a “Peaks to Pavement” seminar in 2019, where he met Christine. Since then, he has enjoyed supporting the RAF by helping on campsite improvements at Noble County Airport. As a new Ohio Liaison, he will focus on initiating new grant projects, adding more recreational airports in Ohio to the RAF Airfield Guide, and increasing RAF engagement and collaboration. Steve is a graduate of Ohio State University with a BA in Aviation Management and is a loyal Ohio State Buckeyes football fan. For the last twenty years, he has worked in Flight Operations for a large private aviation company. He resides in Pickerington, Ohio with his wife Kasey who is also an aviation enthusiast. Steve can be reached at sjones@theraf.org
