If you are age 70½ or older, you can transfer up to $100,000 tax free from your traditional IRA to qualified charitable organizations like the Institute for Justice. These kinds of gifts are great options for those who must take a required minimum distribution but don’t need the funds and don’t want to add to their taxable income for the year.

Making a qualified charitable distribution, or QCD, allows 100% of your hard-earned IRA dollars to go to work in support of IJ’s mission, rather than to fund an even bigger government. And these gifts are easy to make:

1. Write to your IRA administrator.
2. Tell the administrator you want to make a qualified charitable distribution from your retirement account.
3. Provide the administrator with IJ’s name, address, and tax ID number (52-1744337).

If you have questions or would like to learn more about giving to IJ through your IRA, please contact Ross Ward at [email protected] or (703) 682-9320 ext. 210, or visit ij.org/IRA-gifts.

Considering a QCD in 2023?

Please note that the date of your QCD is NOT the date you or your IRA administrator send the distribution check, but the date that your IRA administrator transfers the funds to the charity. We strongly recommend mailing your check before the Thanksgiving holiday. If you want your distribution check to be credited toward your 2023 required minimum distribution, it is critical to ensure there is time for the check to be received by common reporting standards (CRS) and to clear your account prior to the new year.