If you are 70½ or older and have an IRA, you are already qualified!
How a Qualified Charitable Distribution (QCD) Works
You are at least 70½ years old with IRA funds you no longer need
*If you are 73 years old or older, your QCD can count towards your required minimum distribution (RMD)!
Did You Know?
You can also support our mission for years to come. Simply name WNET as a beneficiary of your IRA account, and the remaining assets (or a portion) of the account will be distributed to help us educate, inform, entertain and inspire.
Sample Beneficiary Designation
Legal name: WNET
Address: 825 Eighth Avenue, New York, NY 10019
Federal Tax ID number:26-2810489
Discover the Benefits of a Qualified Charitable Distribution (QCD)
Reduce Your Taxable Income
When you take funds from your IRA, they count as taxable income. But if you transfer them directly to charity, you reduce your taxable income while satisfying your RMD.
Fulfill Your Required Minimum Distribution (RMD)
After you turn 73, you must distribute funds from your IRA. If you do not distribute the required minimum, you may be penalized, but a QCD allows a transfer up to $105,000 per individual or $210,000 per couple to satisfy your RMD.
Deliver Life-Changing Media Content
When you make a qualified charitable distribution from your IRA to WNET, you will help us produce and present life-changing media content that educates, informs, entertains and inspires audiences everywhere.
“We started doing this when we were eligible for mandatory distributions (you never think you’ll reach 70 and a half!). We prefer it as it much more efficient way of giving. I have even asked other organizations to do this as well, since many don’t focus on this as many don’t realize they are eligible! I would encourage people when they start having this benefit to consider it since it’s something the Government has helped us with and it’s a great way to do it.”
—Linda B. Strumpf
Find Out if a Qualified Charitable Distribution is Right For You
| I was born before . | Yes | No |
|---|---|---|
| I have a qualified IRA. | Yes | No |
| I want to change lives through high quality public media. | Yes | No |
You are qualified to make this type of gift!
It looks like there are still some requirements that need to be met!
Take Your Next Steps
Step 1
Get started by selecting your IRA custodian and filling out your information below.
This information will be used to pre-fill your distribution form.
STEP 2
Once you have downloaded and completed the rest of your form, please mail the form to your IRA custodian. We recommend mailing this by December 1 to ensure you receive your tax deduction for this year.
STEP 3
Please let us know about your generous gift!
We’d like to thank you and ensure your gift goes to the program or department you desire.
The content found on this site is general in nature and intended to be used for informational purposes only. It should not be relied upon as legal, tax, accounting or other professional advice. To determine how a gift or estate planning decision might affect your particular circumstances, you should consult an attorney, financial advisor or other qualified professional.