The Holocaust & Human Rights Education Center

4 West Red Oak Lane, Suite 204

White Plains, NY 10604

HHREC is a 501(c)(3) nonprofit organization

 

GIFTS FROM IRAs

 

QUALIFIED CHARITABLE DISTRIBUTIONS FROM YOUR IRA

You can support HHREC and receive tax benefits by making a charitable contribution directly from your IRA. The IRA Charitable Rollover provision allows you to transfer up to $105,000 annually (2024 amount) from an IRA directly to qualified charities without being taxed on the income.

Benefitting from the Qualified Charitable Distribution (QCD)

  • Donors age 70½ may make a QCD directly from your IRA to HHREC.
  • Beginning in the year you turn age 73, the QCD can be used to satisfy some or all of your Required Minimum Distribution (RMD)
  • The entire amount of your gift goes to HHREC and you pay no income tax on the money. You can use a QCD to make new gifts or to pay pledges to HHREC.

Please do not wait until the end of the year to arrange for a distribution. IRA plan administrators may take several weeks to complete the transfer and you want to make sure your gift is received by HHREC no later than December 31st.

You Can Also Use Your IRA to Create a Legacy Gift for HHREC

When you designate HHREC as a beneficiary of your IRA, your gift will pass tax-free to HHREC after your lifetime.

Ask your tax advisor or call HHREC at 914 696-0738 or email info@hhrecny.org.

 

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