Qualified Charitable Distributions From Your IRA

Make a tax-wise qualified charitable distribution (QCD) from your IRA directly to NAMI. Your gift may provide benefits to you while improving the lives of people with mental illness.

Qualifications

To make a charitable gift distribution (QCD) from you IRA, you must be at least 70 ½ years old at the time of the gift and your transfer must be made directly from your IRA to NAMI. You may make up to $100,000 in charitable gifts each year from your IRA per individual or $200,000 per married couple.

Benefits to You

When you make a QCD directly from your IRA to NAMI, you will avoid paying income taxes on the withdrawal. The donated funds will not be included in your gross income for federal income tax purposes and may help to keep you in a lower tax bracket. As these gifts are given tax-free, there is no additional income tax charitable deduction available for these donations. This donation will also count toward your required minimum distribution for the year from your IRA.*

To Make an Immediate Gift from Your IRA

Please instruct your plan provider to make a direct transfer from your traditional IRA or Roth IRA to:

National Alliance on Mental Illness
4301 Wilson Blvd., Suite 300
Arlington, VA 22203

EIN: 43-1201653

You can also download a sample letter for your IRA administrator.

Example

Suppose that Mary is 76 years old and has $500,000 in her IRA. Mary wants to donate $20,000 to NAMI and take out $5,000 for personal expenses. Mary can ask her IRA administrator to make the $20,000 gift directly to NAMI without paying any federal income taxes on the donation. Mary will then pay income taxes on the $5,000 that she wants to withdraw for her own use. With the combination of a personal withdrawal and a charitable gift, Mary has met her minimum required distribution without having to pay taxes on money that she did not need for her personal use.

More Information

For more information about making a qualified charitable distribution to NAMI, please contact your IRA administrator or NAMI's Development Office at donorservices@nami.org or 703-524-7600. Your IRA administrator may not provide your name with your contribution. If you decide to make a gift from your IRA, please let us know to ensure we properly acknowledge your contribution. If you would prefer to send your confirmation by mail, you can download a sample letter.

 

* Congress has waived the annual Required Minimum Distribution from IRA Accounts in the year 2020 as part of the CARES Act in response to COVID-19. Please consider seeking advice from your financial advisor or tax professional to understand how recent changes to laws governing retirement plans may impact you and your charitable gift.