There are several ways to support WQED through your Individual Retirement Account (IRA), depending on your age and giving goals. We encourage donors to consult their financial or tax advisors to determine what is most appropriate for their circumstances.
Qualified Charitable Distributions (QCDs)
If you are age 70ยฝ or older, you may be eligible to make a Qualified Charitable Distribution (QCD) directly from your IRA. Beginning the year you turn 73, QCDs can satisfy all or part of your Required Minimum Distribution (RMD).
QCDs are excluded from your taxable income, subject to IRS rules. Because the distribution is not included in adjusted gross income, a QCD may help reduce your overall income level and, in some cases, limit the portion of Social Security benefits subject to tax or affect income-based Medicare premium calculations.
Key considerations:
- QCDs must be made directly from your IRA custodian to WQED
- Gifts must be unrestricted; you may not receive benefits in return
IRA Distributions
If you are at least 59ยฝ years old, you may take a distribution from your IRA without an early-withdrawal penalty and then make a charitable gift to WQED.
- The IRA distribution is generally treated as taxable income.
- If you itemize deductions, you may be eligible to claim a charitable deduction for your gift, subject to IRS limitations.
IRA Beneficiary Designations
At any age, you may choose to designate WQED Multimedia as the beneficiary of all or a percentage of your IRA. Assets pass to us free of income and estate taxes, making this a simple and tax-efficient way to create a lasting legacy.
To name WQED as a beneficiary:
- Contact your IRA administrator for a change-of-beneficiary form, or
- Download the form directly from your providerโs website
If you notify us of your plans, we would be honored to steward your intentions and ensure your legacy is recorded according to your wishes.
Tools to Help You Get Started
โบ WQED has partnered with GivingDocs to offer a simple, secure tool that allows you to initiate a variety of giftsโincluding QCDsย and beneficiary designations directly online.