IRA Qualified Charitable Distribution
You may be looking for a way to make a big difference to help further WUNC’s mission. If you are 70½ or older you can lower your taxable income from IRA withdrawals by making a donation to WUNC Radio directly from your IRA account.
WUNC Radio is part of The University of North Carolina at Chapel Hill (tax ID number: 56-6001393). Your plan administrator can mail your distribution to WUNC's address: 120 Friday Center Dr., Chapel Hill, NC 27517. You can download a sample letter to send to your plan administrator when making a request for a charitable distribution to WUNC Radio.
Benefits of an IRA Qualified Charitable Distribution
- You can avoid taxes on transfers of up to $105,000 from your IRA to WUNC Radio.
- Satisfy your required minimum distribution (RMD) for the year if you are 72 years or older.
- Reduce your taxable income, even if you do not itemize deductions
- Make a gift that is not subject to the deduction limits on charitable gifts
- You will help further WUNC's work and mission.
How it works
- Contact your IRA plan administrator to make a gift from your IRA to us.
- Your IRA funds will be directly transferred to our organization to help continue our important work.
- IMPORTANT: To ensure that we know when an IRA gift is from you, so that we can send you documentation for your tax records, please notify us at 800-962-9862 or wunccares@wunc.org.
- IRA Qualified Charitable Distribution gifts do not qualify for a charitable deduction.
If you write a check from an IRA checkbook: IRS requirements dictate that these checks must be debited from your account on or before December 31st to qualify in the current tax year's distributions. To help ensure that WUNC receives and deposits your gift before the end of the year, please mail it by December 15th. (WUNC's address is 120 Friday Center Dr., Chapel Hill, NC 27517.)
All information is intended to be illustrative in nature and may not cover all issues pertinent to every individual situation. WUNC-FM suggests consulting with your financial or legal advisor to determine how this legislation impacts your own personal situation before making any decisions.