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.
• Effective December, 2022, people generally must start taking IRA withdrawals at age 72 (73 if you reach 72 after Dec. 31, 2022) rather than 70 ½. Despite that change, however, you can still make gifts from your IRA at 70 ½. You need not wait until the new age requirement.  
• 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 development@aplff.org 515-239-5632.

One of the most impactful ways to continue supporting initiatives that have been important to you in your life is through an estate gift. By including the Ames Public Library Friends Foundation in your future giving plans you can make a lasting mark on our community. 

And while giving through your estate is a smart financial choice, it is often how most of us can make the most significant impact on the organizations that have been so important to us in life. Here are some simple ways to make a planned gift: 

• include APLFF among the beneficiaries of retirement assets
• name APLFF as a beneficiary of a life insurance policy
• include a bequest to APLFF in your will 

If you are considering including APLFF in your future plans, contact us for more information and to find out the best way to direct your gift. Or if you have already made that important decision, we are grateful and we'd love  to hear from you.  

Many employers sponsor matching gift programs and will match charitable contribution made by their employees. If your company is eligible, the impact of your gift to the Ames Public Library Friends Foundation can be increased.