Gifts from IRAs
Gifts from IRAs
If you’re 70½ or older, you can make a tax-free gift to Family House directly from your IRA – also known as a Qualified Charitable Distribution (QCD) or IRA rollover gift. This simple, tax-efficient way of giving allows you to support our mission of providing a free, nurturing home away from home for families with children undergoing treatment for cancer or other life-threatening illnesses.
IRA Questions & Answers
Why make a gift From your IRA to Family House?
- Counts toward your Required Minimum Distribution (RMD)
- Reduces taxable income
- Helps Family House remain 100% free for every family that walks through our doors
How do I make an IRA gift to Family House?
Direct your IRA custodian to send funds directly to Family House by check.
Info to provide:
Tax I.D.: 94-2722663
Mailing address: Family House, 540 Mission Bay Blvd. North, San Francisco, CA 94158
Sample Instruction Letter here.
Recommended: Notify Family House of your planned gift to ensure smooth processing
What do I need to know about making an IRA gift?
- Your gift must be completed on or before December 31 in order to count towards your Required Minimum Distribution (RMD) for the calendar year.
- For those using an IRA checkbook, please remember: the date of gift is when Family House receives the funds in our account, not when the check is postmarked.
- To avoid penalties for not taking your full RMD, be certain that checks from an IRA checkbook are sent in plenty of time to clear within the calendar year.
- Please remember to consult with your financial advisor
How do I make an estate gift from my IRA?
- Add Family House as a beneficiary on your retirement account
- Because Family House is tax-exempt, more of your IRA goes to impact rather than taxes
Just request a beneficiary designation form and list Family House, Inc. and Tax I.D.: 94-2722663
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