SO MANY
WAYS
TO GIVE

George Lai

Stock Transfers & Required Minimum Distributions (RMDs)

Stock Transfers and RMDs: Making a gift of stock or choosing JIT as the beneficiary of an RMD are simple yet powerful ways to create lasting impact in the lives of transition age foster youth in San Diego County.

Tax ID #20-5448416

To help you facilitate a gift of stock, please contact Chris Turner at 619-269-5422 for instructions.

Required Minimum Distributions (RMDs)

If you are over age 72, you may give a gift from your IRA as a tax-free distribution to Just in Time for Foster Youth (JIT). This means an amount (up to $100,000 annually) transferred from your IRA directly to JIT can count toward your required minimum distribution without being considered taxable income for you. The distribution, also known as an IRA Charitable Rollover, is authorized by Section 408(d)(8) of the Internal Revenue Code. As always, please consult your advisor to determine if this type of gift is right for you.

A donation transferred directly from your IRA to Just in Time for Foster Youth is not considered taxable income on your federal income tax return, but it does count toward your required minimum distribution as long as the donation is received by December 31.

IRA FAQs

Click here to view a list of frequently asked questions about IRA Qualified Charitable Distributions.

 

For more information on stock transfers and RMDs, please contact:

Chris Turner: 619-269-5422
chris@jitfosteryouth.org