Make A Gift From Your IRA
Make a gift from your IRA
Giving an IRA charitable distribution is a smart way to support in-depth news and reporting, classical music, and all the weekend programs you look forward to and at the same time, decrease tax expenses.
How an IRA charitable distribution works:
- The distribution must be made from a traditional IRA.
- You must be at least 70 ½ at the time of the distribution.
- You may give up to $100,000 per year to qualified charities without including the distribution in your gross income and consequently, not paying taxes on it.
- Amounts given count toward your Required Minimum Distribution (your IRA becomes subject to this requirement at age 72).
- The distribution must be made by your IRA administrator directly to Hawaii Public Radio (HPR) (rather than to you). You cannot transfer your IRA distribution to a donor advised fund (DAF).
- You cannot receive any goods or services in exchange for your contribution.
The Coronavirus Aid, Relief and Economic Security (CARES) Act may impact your required minimum distribution and charitable deductions. Please contact your financial advisor for more information.
Make your IRA charitable distribution today:
Contact you IRA plan administrator or financial advisor to discuss if an IRA gift is right for you or to arrange your gift to Hawaii Public Radio.
Important: ask your administrator to note your name on the distribution check so we may properly acknowledge your gift.
For more information contact Valerie Yee at 808-955-8821 or email@example.com.
We recommend you consult your tax advisor or read the IRS Retirement Plan FAQs