IRAs distributions and stocks…a great way to give to the NSDA
If you are like most people, you may not use all of your retirement assets during your lifetime. Because 60%-70% of your retirement assets may be taxed, if you leave them to your heirs at your death, donating part or all of your unused retirement assets is an excellent way to make a gift to the National Spasmodic Dysphonia Association and help further our Vision and Mission.
Donating through your IRA during your lifetime
In order to donate retirement plan assets during your lifetime you would:
- Take a distribution from the retirement account
- Include the distribution in your income for that year
- Account for any taxes associated with the distribution
- Contribute the cash to the NSDA
People who are 70½ or older can contribute up to $100,000 from their traditional IRA directly to a charity and avoid paying income tax on the distribution. This is known as a qualified charitable distribution which counts toward your required minimum distribution (RMD) but is not included in your adjusted gross income (AGI). This is limited to traditional IRA’s and a tax professional should be consulted when considering this option.
Gifts of Electronic Transfer of Stock or Securities
Your gift of appreciated stock or securities will improve the lives of people living with SD and related voice disorders. The following information will ensure that your gift is received and confirmed appropriately.
Electronic or depository trust company (DTC) transfer of stock through a broker can be made through our investment account at Raymond James. For instructions on completing an electronic stock transfer or handling gifts of physical stock certificates, please contact Kimberly Kuman at email@example.com or call 800-795-6732.
What You Need to Know
Organization Legal Name and Address:
National Spasmodic Dysphonia Association
300 Park Boulevard, Suite 175
Itasca, IL 60143
Federal Tax ID #: The Tax ID number for the organization is 38-2918042. The NSDA is a 501(c)3 organization and donations are tax deductible.
Thank you for your continued support!