IRA Qualified Charitable Distribution
You may be looking for a way to make a big difference to help further ¹ÏÉñapp’s mission. If you are 70½ or older you can lower your taxable income from IRA withdrawals by making a donation to ¹ÏÉñapp Radio directly from your IRA account.
¹ÏÉñapp Radio is part of The University of North Carolina at Chapel Hill (tax ID number: 56-6001393). Your plan administrator can mail your distribution to ¹ÏÉñapp's address: 120 Friday Center Dr., Chapel Hill, NC 27517. You can to send to your plan administrator when making a request for a charitable distribution to ¹ÏÉñapp Radio.
Benefits of an IRA Qualified Charitable Distribution
- You can avoid taxes on transfers of up to $105,000 from your IRA to ¹ÏÉñapp Radio.
- Satisfy your required minimum distribution (RMD) for the year if you are 72 years or older.
- Reduce your taxable income, even if you do not itemize deductions
- Make a gift that is not subject to the deduction limits on charitable gifts
- You will help further ¹ÏÉñapp's work and mission.
How it works
- Contact your IRA plan administrator to make a gift from your IRA to us.
- Your IRA funds will be directly transferred to our organization to help continue our important work.
- IMPORTANT: To ensure that we know when an IRA gift is from you, so that we can send you documentation for your tax records, please notify us at 800-962-9862 or wunccares@wunc.org.
- IRA Qualified Charitable Distribution gifts do not qualify for a charitable deduction.
If you write a check from an IRA checkbook: IRS requirements dictate that these checks must be debited from your account on or before December 31st to qualify in the current tax year's distributions. To help ensure that ¹ÏÉñapp receives and deposits your gift before the end of the year, please mail it by December 15th. (¹ÏÉñapp's address is 120 Friday Center Dr., Chapel Hill, NC 27517.)
All information is intended to be illustrative in nature and may not cover all issues pertinent to every individual situation. ¹ÏÉñapp-FM suggests consulting with your financial or legal advisor to determine how this legislation impacts your own personal situation before making any decisions.