Tax-savvy giving
A Special Opportunity for Those 70½ Years Old and Older
Make a difference today and save on taxes—it is possible when you support the Bulletin through your IRA.
You can give any amount (up to a maximum of $111,000 per individual, or $222,000 for married couples filing jointly) this year from your IRA directly to a qualified charity such as the Bulletin without having to pay income taxes on the money. Gifts of any value up to $111,000 are eligible for this benefit, and you can feel good knowing that you are making a difference. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.
Why Consider This Gift?
- Your gift will be put to use today, allowing you to see the difference your donation is making.
- If you are required to take minimum distributions, you can use your gift to satisfy all or part of your obligation.
- You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
- Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
How To Give from Your IRA
- To include the Bulletin in your plans, contact your IRA administrator and instruct them to transfer funds to the charity(ies) you designate and seek the advice of your financial or legal advisor.
- Contact Barb Vicory at [email protected] or 872.201.8300 to discuss using your IRA to support the Bulletin and our mission.
- Please use our full legal name and federal tax ID. We would also appreciate it if you could inform us of your gift so we can properly thank you, as some financial institutions do not notify us of designations.
Legal name: Bulletin of the Atomic Scientists
Legal address: 1307 E. 60th St., Chicago, IL 60637
Federal tax ID number: 36-2136497