Qualified Charitable Distribution
Are you looking for a way to make a real impact in your community and support your favorite educational radio station? Well, here’s a secret you might not know: You can donate directly from your retirement account, and it’s easier than you think! Plus, it could even lower your taxes—how cool is that?
How to make a donation from your IRA through a Qualified Charitable Distribution, or QCD.
First, here’s the deal:
Step 1: Make Sure You’re 70½ or Older.
If you’re 70½ years old or older, you’re eligible to make a QCD. It’s that simple!
Step 2: Contact Your IRA Custodian.
Call the institution that holds your IRA—like your bank or financial advisor—and let them know you want to donate directly to a nonprofit. They’ll help you transfer the funds to us.
Step 3: Choose the Amount You Want to Donate.
You can donate up to $100,000 a year from your IRA. Just tell your custodian how much you'd like to give!
Step 4: Specify the Charity.
When you reach out to your IRA custodian, be sure to give them our name and our Tax ID number 94-2789780. They’ll make sure the donation goes directly to us.
Step 5: The Funds Go Directly to Us!
Your donation is sent straight from your IRA to our nonprofit, meaning no taxes on the donated amount. And, if you’re required to take a Required Minimum Distribution (RMD) from your IRA, this QCD counts toward it—helping you lower your taxable income for the year!
Not only are you supporting the programming you love, but you’re also giving yourself a tax break. It’s a win-win! Ready to make your donation? Simply reach out to your IRA custodian and get started today. It’s easy to make a difference, and we can’t do it without you! Your donation from your retirement funds helps keep this radio station strong, so we can keep bringing you the programming you love.
If you need more info, please call Sarah Starck, our Financial Manager at 707-923-2513