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SO MANY
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 follow the instructions below.
If sending electronically:
Please contact Chris Turner at 619-269-5422 for instructions.
If sending by Registered Mail:
Mail your UNENDORSED certificate(s) with a Stock Power Form and a Stock Waiver Form by registered mail to:
Just in Time for Foster Youth
Attn: Don Wells, Executive Director
PO Box : 601627
San Diego, CA 92160
E-mail: don@jitfosteryouth.org
Phone: 858-663-2081
Fax: 619-677-2113
NOTE: Certificates already registered in the name of Just In Time for Foster Youth do not require either the stock waiver or stock power for execution of the transfer. Please email to don@jitfosteryouth.org or mail the following information to Just In Time:
- Donor’s full name and complete address (including how they would like to be acknowledged)
- Name and number of securities transferred
- Date of the transfer
- If applicable, the specific Just In Time service or program to which the transfer should be directed
- Or you can mail to: Just in Time for Foster Youth
Attn: Don Wells, Executive Director
PO Box 601627
San Diego, CA 92160
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.
Click here to view a list of frequently asked questions about IRA Qualified Charitable Distributions.