MAKE A TAX-FREE GIFT WITH YOUR IRA
Learn more about how a Qualified
Charitable Distribution (QCD) can benefit you.
How a Qualified Charitable Distribution (QCD) Works
1
You are at least 70½ years old with IRA funds you want to donate to the ASPCA®
2
*If you are 70½ years old or older, your QCD can count towards your required minimum distribution (RMD)!
3
Your QCD goes directly to the ASPCA®, to help rescue, protect and care for animals who need it most.
Did You Know?
You can also support our mission for years to come. Simply name the ASPCA® as a beneficiary of your IRA account, and the remaining assets (or a portion) of the account will be distributed to help create lasting change for hundreds of thousands of animals each year through critical rescue and support.
Information for Beneficiary Designation
Legal name: The American Society for the Prevention of Cruelty to Animals
Address: 424 East 92nd Street, New York, NY 10128
Federal Tax ID number: 13-1623829
Phone Number (for assistance): Nicole Nahas, Esq., 212-876-7700 ext. 4505
Discover the Benefits of a Qualified Charitable Distribution (QCD)
REDUCE YOUR TAXABLE INCOME
Learn more
When you take funds from your IRA, they count as taxable income. But if you transfer them directly to the ASPCA®, you reduce your taxable income while satisfying your RMD.
FULFILL YOUR REQUIRED MINIMUM DISTRIBUTION (RMD)
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After you turn 73, you must distribute funds from your IRA. If you do not distribute the required minimum, you may be penalized, but a QCD allows a transfer up to $108,000 per individual or $216,000 per couple to satisfy your RMD.
MAKE AN IMPACT FOR ANIMALS NOW
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When you transfer IRA funds to the ASPCA®, you protect and rescue animals from abuse and neglect.
“I urge you to consider supporting ASPCA with your annual RMD dollars of any amount you feel you can live without. You will reap the tax savings benefit you deserve for saving your hard-earned money during your working years – not to mention the benefit of helping helpless animals.”
— Marcia Peterson
Find Out if a Qualified Charitable Distribution Is Right For You
| I was born before . | Yes | No |
|---|---|---|
| I have a qualified IRA. | Yes | No |
| I want to help vulnerable and at-risk animals through rescue, placement and advocacy efforts nationwide. | Yes | No |
You’re qualified to make this type of gift!
*If you are at least 73 years old, you can fulfill your RMD by making a Qualified Charitable Distribution.
It looks like there are still some requirements that need to be met!
Take Your Next Steps
STEP 1
Get started by selecting your IRA custodian and filling out your information below.
This information will be used to pre-fill your distribution form.
STEP 2
Once you have downloaded and completed the rest of your form, please mail the form to your IRA custodian. While the deadline is December 31 we recommend mailing this by December 1 to ensure you receive your tax deduction for this year.
STEP 3
Please let us know about your generous gift!
Need assistance? We’re here to help!
Nicole Nahas
Sr. Director, Planned Giving & Donor Stewardship
Tax Law Update
With recent changes to the SECURE Act (Setting Every Community Up For Retirement Enhancement), the age in which IRA holders must take their required minimum distribution (RMD) has increased to 73.
Read more
The new SECURE Act (Setting Every Community Up For Retirement Enhancement), signed in December 2019, has tax, retirement, and estate planning implications for many people.
- With recent changes to legislation under the SECURE 2.0 Act, the age in which IRA holders must take their required minimum distribution (RMD) has been increased to 73. If you turn 70 ½ on or after January 1, 2020, you can now wait until you are age 73 before you must take an RMD from your IRA.
- An individual may take a one-time QCD up to $50,000 to fund a charitable gift annuity (CGA) or charitable remainder trust (CRT).
- You can still make a gift to ASPCA and other charities through a qualified charitable distribution starting at age 70 ½. However, if you make IRA contributions after age 70 ½, as allowed under the SECURE Act, the amount you have available for qualified charitable distributions is reduced. Please consult your tax or financial advisor to learn how this may impact you.
- The SECURE Act repeals the maximum age for making IRA contributions. You can now contribute to your IRA even if you are over age 70 ½ (subject to annual limitations).
- The SECURE Act decreases the time over which inherited IRAs may be distributed. Inherited IRAs must now be distributed completely within 10 years of the IRA owner’s death, unless the IRA beneficiary is the surviving spouse; disabled or chronically ill; less than 10 years younger than the owner; or the owner’s minor child. Under these rules, naming ASPCA as a beneficiary of your IRA while using other assets to benefit family members may be a tax-wise charitable planning decision.