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Supporting NAF with a Qualified Charitable Distribution: A Guide for Our Heroes

At the NAF, we pride ourselves on celebrating every victory in our community. From groundbreaking research and new therapies to success stories and inspirational fundraising efforts – these triumphs belong not just to us, but to all of you. Your ongoing support and participation make these milestones possible.

We’re excited to share a new opportunity for you to continue being a hero to those living with Ataxia. By making a Qualified Charitable Distribution (QCD) from your IRA to NAF, you can have an immediate and significant impact on the lives of those affected by Ataxia and their families.

Years ago, my husband and I started investing a few dollars of our monthly income into an IRA, with plans of someday doing something special with our earnings. The money was deducted automatically…we didn’t see it, we didn’t miss it. Today I have the Minimum Required Distribution from that investment sent directly to the National Ataxia Foundation. It is deducted automatically…I don’t see it, I don’t miss it. And, to me, NAF, which gives hope and help to so many, is that ‘something special."

What is Qualified Charitable Distribution?

A Qualified Charitable Distribution allows you to transfer funds directly from your Individual Retirement Account (IRA) to NAF. Here’s how it can benefit both you and our cause:

Eligibility and Limits

  • Age Requirement: You must be 70 ½ years or older to participate.
  • Contribution Caps: Individuals can transfer up to $100,000 per year, while married couples can give up to $200,000 across all organizations.
  • Special Provisions: You may take a one-time QCD of up to $50,000 to fund a charitable gift annuity (CGA) or a charitable remainder trust (CRT).

Process and Benefits

  • Direct Transfer: The gift must be transferred directly from your IRA account to NAF.
  • Income Exclusion: This transfer does not count as income for the year, providing potential tax benefits.
  • Meeting RMD Requirements: For those aged 73 and older, this transfer can count towards your annual Required Minimum Distribution (RMD) from your IRA.

How to Get Started

Initiating a Qualified Charitable Distribution is straightforward. You can download a sample letter for your IRA administrator to begin the distribution process. Some IRA administrators also allow you to request a QCD through your online account portal.

Important Considerations If You Are Still Working

Before making a QCD, please consider the following:

  • Impact on Taxable Income: If you’re still working and contributing to a retirement account, a QCD could affect your taxable income.
  • Seek Professional Advice: We recommend consulting with a qualified financial advisor before making your gift.

Learn More About QCD

Interested but want to learn more? Check out our page with all the info you’ll need to get started!

If you have questions or would like to speak to someone at NAF, reach out!

Jon Wegman
Regional Development Manager

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