The gift is currently in a pre-tax 401K and will be 250 K in 2019. Both I and my wife are over 59 1/2. We are living on my (age 63) social security so the tax implications are critical. Also our AGI will be really low. We live in Pennsylvania and pay PA income tax. Thanks for your help.
The direct charitable contribution can only be the Required Minimum distribution (RMD) which you do not have until age 59 1/2.
You would have to take the money out of the account, which would be taxable income and then make a gift.
Or leave the charity as a beneficiary of the retirement account, or wait until 70 1/2 and do the RMD that way each year.