Support Your #1 Cause Through Your IRA

September 23rd, 2023

If you’re at least age 70½, there’s a new law about charitable giving from your individual retirement account (IRA) that can help you advance the APBD Research Foundation’s mission and avoid Federal taxes!

Advantages of a QCD

• Tax benefits
  A charitable gift transferred from your IRA directly to the APBD Research Foundation will not be taxed and can satisfy your required minimum distribution (RMD), which lowers your taxable income, maximizing benefits to both you and the Foundation.

• Ease
  You do not need an attorney to make this gift; simply contact your IRA administrator.

• Flexibility
  You may direct a QCD to benefit the APBD Research Foundation and designate the distribution for unrestricted use (to meet the greatest current needs). If you want to restrict your QCD to support a particular program (e.g., capacity-building, research, education, etc.), please contact Natacha Pires, Executive Director, at natacha@apbdrf.org, so that we can review your proposed use and confirm that we can carry out your wishes.

IRA Gift Requirements

• Be age 70½ or older

• If you are 73 or older, your gift may satisfy your required minimum distribution and lower your taxable income

• Give your required minimum distribution, up to $100,000, from your IRA per year

• Transfer funds directly from a traditional or rollover IRA to the APBD Research Foundation.

Take Action Now!

Contact your IRA plan administrator directly and request that a Qualified Charitable Distribution (QCD) be transferred directly to the APBD Research Foundation:

APBD Research Foundation
2257 East 63 Street, Brooklyn, NY 11234
info@apbdrf.org  | 646.580.5610  

Our tax ID number is 20-3609790.

Once you contact your IRA administrator, please contact our Foundation to share your intentions. When you contact us, we will provide you with a distribution letter template that you can customize and share with your IRA administrator or financial advisor.

Questions?

Feel free to contact Natacha Pires at 303.919.3964 / natacha@apbdrf.org.

REMINDERS!

• QCDs must be distributed directly to the charity by your IRA administrator—amounts distributed to you first and then given to charity do not qualify as QCDs.

• The charity must receive the QCD on or before December 31, 2023 to be counted in the 2023 tax year. A postmark date of December 31, 2023, is not sufficient.

• IRA administrators don’t always include the donors’ names on distribution checks. If you’re planning to make a distribution to the APBD Research Foundation from your IRA, please let us know in advance so we’ll be able to identify your gift.