Give from Your Individual Retirement Account
Learn how you can help our important work if you are 70 ½ or older through an IRA charitable rollover.
A Special Opportunity for Those 70½ Years Old and Older
You can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity such as LHON Collective without having to pay income taxes on the money. Gifts of any value $100,000 or less 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.
Beginning in the year you turn 73, you can use your gift to satisfy all or part of your required minimum distribution (RMD).
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.
To include LHON Collective in your plans, please use our legal name and federal tax ID. Please let us know of your gift (many retirement providers assume no responsibility for letting nonprofits know of your intentions, so your goals won’t be honored).
Legal name: LHON Collective
Legal address: PO Box 3680, San Diego, CA 92163
Federal tax ID number: 88-2257719