Time is running short to contribute to ARRL from your Individual Retirement Account (IRA). The federal government has now made permanent the ability for those age 70-1/2 or older to contribute up to $100,000 per year from an IRA directly to qualifying charities without having first to declare the donation as income. This means, for example, that you can donate your annual required minimum distribution (RMD) to ARRL without increasing your income for tax purposes. Depending on your personal tax situation, donating directly from your IRA to ARRL could have more tax advantages for you than a direct personal donation. Most custodians need a week or two to complete the transaction, so contact your IRA custodian by December 9!
Here’s how it works: Contact the custodian of your IRA plan — the bank, brokerage, mutual fund company, or insurance carrier holding and managing your IRA — and instruct the custodian to make a donation from your IRA directly to ARRL. Provide the plan custodian with ARRL’s federal tax ID number 06-6000004 and legal name and address — American Radio Relay League Inc, 225 Main St, Newington, CT 06111-1494.
It is important that the check from the custodian is made payable directly to ARRL.
The custodian of your IRA then will send you an IRS Form 1099 showing that you, as the owner of the IRA, did not receive the plan distribution for your personal use. Most fund custodians will ask you to complete a direct donation form and will mail the plan distribution check directly to ARRL.
ARRL appreciates contributions of any size from your IRA.
For more information, contact the ARRL Development Office, (860) 594-0348. The Development Office is happy to help.
ARRL strongly encourages individuals interested in supporting the League through an IRA distribution to consult with their attorney, tax/financial advisor, or accountant to determine the tax, or other, consequences of making such a gift.
American Radio Relay League Inc. is an IRS-designated 501(c)(3) organization.