Using your IRA to support the Ames Public Library is a great way to give to the community, and you won't be taxed on whatever you give to qualified charities. Your gift will be tax-free and counts toward your annual required minimum distribution (RMD).
Here’s how it works:
If you would like to make a gift from your IRA to the Ames Public Library Friends Foundation that will count toward your yearly RMD, contact the company administering your IRA and request their form to authorize a qualified charitable distribution from your IRA directly to Ames Public Library Friends Foundation. A check, payable to Ames Public Library Friends Foundation should be mailed to P.O. Box 1832, Ames, Iowa 50010. The Employer Identification Number for the Ames Public Library Friends Foundation is 42-1450291. Please advise us when you authorize a direct gift from your IRA to the Ames Public Library Friends Foundation to ensure we properly account for your generous support by calling or emailing Sophie Johnson, firstname.lastname@example.org 515-239-5632.
In this presentation, you'll learn more about the planned giving opportunities that can help donors achieve their charitable, financial, and estate planning goals. After watching this video, we hope you'll feel inspired by the generosity of other Iowans and with the tools they need to consider how charitable giving can become a part of their legacy.
Presented in partnership with Ames Public Library, Ames Public Library Friends Foundation, and Story County Community Foundation.