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IRA Distributions

Support People with Lupus With a Distribution From Your Traditional IRA

If you are 70½ or older, you can give a give a gift to the Lupus Foundation of America as a way to fulfill your required minimum distribution (RMD). Even if you do not itemize your taxes, the gift distribution will not be considered taxable income. You can donate up to $100,000 tax-free annually.

You should consult with your financial advisor or tax planner to see if this is a useful giving tool for you.

To qualify:

  • Transfers must be made directly from a traditional IRA account by your IRA administrator to the Lupus Foundation of America.
  • Gifts must be outright. Distributions to donor-advised funds or life-income arrangements such as charitable remainder trusts and charitable gift annuities do not qualify.
  • Gifts from 401k, 403b, SEP, and other plans do not qualify. Ask your financial advisor if it would be right for you to create a traditional IRA account so you can benefit from the IRA Charitable Transfer.
  • IRA Charitable Transfers are excluded gross income for federal income tax purposes on your IRS Form 1040. You receive no charitable deduction.