If you are 70½ or older, you can make a tax-free gift to the Friends of Jack Foundation directly from your individual retirement account (IRA). This is called a qualified charitable distribution (QCD).
The advantages of a QCD
A charitable gift transferred from your IRA directly to the Friends of Jack will not be taxed and can satisfy your required minimum distribution (RMD), maximizing benefits to both you and the Friends of Jack.
You do not need an attorney to make this gift; simply contact your financial advisor.
An IRA gift can be directed to unrestricted support for the Friends of Jack Foundation or a specific area.
The requirements for an IRA gift
Be age 70½ or older
Give your required minimum distribution, up to $100,000, from your IRA per year
Transfer funds directly from a traditional or rollover IRA to the Friends of Jack
Please note: Gifts from an IRA cannot be accepted when goods or services from the charity are provided.
Contact your IRA administrator
Other Tax-Efficient Gifts
Give through your donor-advised fund to maximize your impact. Your fund sponsor handles all record-keeping, disbursements, and tax receipts.Learn More
Stock or Securities
Make a gift of stock or securities to support our mission and avoid capital gains tax on the appreciation of your stock.Learn More
Have A Question?
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