Charitable Giving Via Your IRA

Did you know that you can make a charitable contribution through your Roth IRA or traditional IRA?

That’s right, and if you’re 70.5 or older, there are some added tax benefits to making your “Qualified Charitable Distribution” in this way.

Specifically, the 2017 tax law allows you to fulfill your required minimum distribution while bypassing your gross income. That’s even better than the benefits of making a standard charitable contribution.

There are some other advantages too:

  • It offers you another avenue to support grassroots organizing in New York
  • It minimizes your tax obligation at the federal and state level
  • It may keep you in a lower tax bracket

How To Make A Contribution Through Your IRA

Contact your financial adviser today and request that a “Qualified Charitable Distribution” be made directly to the charity of your choice.

  • Make sure that your gift is identified with your name, address, and intention to use it as a 2018 IRA Qualified Charitable Distribution.
  • Make sure to list our name as “North Star Fund.” Our address is 520 8th Avenue, Suite 1800, New York NY, 10018, and our EIN number is 13-2950801.

Do you have a Tax-Deferred Annuity from the UFT? Those funds cannot be rolled over to a charitable donation. In all cases, be sure to contact your financial adviser for personalized advice.

If you have questions, we’ll always try to help as well as we can! Email