IRA Charitable Gifts
You can support KUOW by including the station as a beneficiary of your retirement plan or by making a qualified charitable distribution from your IRA account.
You will need to provide your IRA administrator with the following information:
- Our Legal Name: KUOW Puget Sound Public Radio
- Our IRS Tax ID number: 91–2079402
- Send the check directly to our mailing address: 4518 University Way NE, Suite 310, Seattle, WA, 98105
The IRA Charitable Rollover provision allows individuals who have reached age 70½ to donate up to $100,000 to charitable organizations directly from their Individual Retirement Account (IRA), without treating the distribution as taxable income. Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
The provision mandates the following:
Eligibility Age: Taxpayers age 70½ or older are required to make annual distributions from their IRAs, which are then included in their adjusted gross income (AGI) and subject to taxes. The IRA Charitable Rollover permits those taxpayers to make donations directly to charitable organizations from their IRAs without counting them as part of their AGI and, consequently, without paying taxes on them.
Directly to the Charity: Distributions must be made directly from the IRA trustee payable to the public charity. Please make your check directly to KUOW Puget Sound Public Radio.
Limit on Amount: Holders of traditional and Roth IRAs who are 70½ or older can make direct charitable transfers of up to $100,000 per year. A single person can transfer $100,000 tax-free; a married couple can transfer up to $200,000 tax-free from separate accounts.
Eligible Retirement Accounts: Distributions can only be made from traditional Individual Retirement Accounts or Roth IRAs. Charitable donations from 403(b) plans, 401(k) plans, pension plans and other retirement plans are ineligible for the tax-free treatment.
No Gifts in Return: Donors cannot receive any goods or services in return for charitable IRA rollover contributions in order to qualify for tax-free treatment.
If you have any questions, please reach out to Melissa Laird, Philanthropy Officer, at 206-462-9582 or firstname.lastname@example.org.