Qualified charitable distributions from your ira to aplff
Support The Ames Public Library Friends Foundation with Tax-Free IRA Gifts
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:
- You must be at least 70 ½ years of age at the time the qualified charitable distribution (QCD) is completed.
- The amount transferred directly to the Ames Public Library Friends Foundation won't be included in your gross income - it is a tax-free distribution.
- A contribution from your IRA directly to a qualified charity will count toward your annual required minimum distribution (RMD).
- The maximum amount that may be donated each year as a QCD is $100,000.
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, development@aplff.org 515-239-5632.
