Did you know that your IRA may be a source of giving?
If you have an IRA and are age 70 ½ or older, you can choose to give a tax-free gift to WKNO directly from your account using a Qualified Charitable Distribution (QCD).
Understanding How Donating from Your IRA Can Benefit Charities Like WKNO
How QCDs Work
Donors (aged 70 ½ or older) can transfer up to $108,000 annually to eligible charities.
The distribution counts toward the annual RMD requirement for those 73 and older, reducing taxable income.
Unlike regular charitable donations, you do not need to itemize QCDs, making them an efficient giving strategy for retirees who must take the standard deduction.
Why QCDs Are a Great Way to Support WKNO
If you support public media, a QCD could present an ideal way to sustain a trusted source for high-quality news, education, and cultural programming. By directing QCDs to WKNO, you can:
Ensure the continued success of independent journalism and educational programs.
Potentially reduce your taxable income while making a meaningful impact.
Support a community resource that enriches lives through storytelling and public engagement.
How to Make a QCD to WKNO
1. Contact Your IRA Custodian – Request a direct transfer from your IRA to WKNO.
2. Provide WKNO’s Information – Supply your financial institution with the charity’s legal name, tax ID, and mailing address.
3. Notify WKNO – Inform the station about your gift to ensure it is properly designated and acknowledged.