BookSmiles
  • About Us
    • Contact Team
    • Our Story
    • Board of Directors
    • Blog
  • Register For Books
  • Get Involved
    • Volunteer to Sort
    • Hold A Book Drive
    • Become an Ambassador
    • Painting a Collection Bin
    • Hold a Facebook Fundraiser
  • DONATE
    • Donate Books
    • Estate Libraries
    • Tribute Page
    • Use Amazon Smile
    • Planned Giving >
      • Bequest
      • Qualified Charitable Distribution from IRA
      • Life Insurance
      • Other Beneficiary Designation
    • Lifetime Gifts >
      • Gifts of Stock
      • Qualified Charitable Distribution from IRA
      • Matching Gifts
  • Press/Media

QUALIFIED CHARITABLE DISTRIBUTION FROM IRA

If you turned 70 1/2 years of age before January 1, 2020 or 72 years of age sometime in 2020, you are required to take an annual distribution from your individual retirement account.  The amount of your required minimum distribution (RMD) will be added to your adjusted gross income for income tax purposes.  

If your philanthropic plans include supporting BookSmiles, a direct contribution from your IRA may be the most financially beneficial way for you to make a gift.  As mentioned, under normal circumstances, the RMD from your IRA will increase your taxable income.  While such a gift is not tax deductible, per se, gift up to $100,000.00, while avoiding an increase to your adjusted gross income.  

Donors turning 70 1/2 after January 1, 2020 are no longer required to withdraw assets from an IRA until they turn 72, but they may still wish to make a qualified charitable distribution if they no longer itemize expenses or have reached the maximum for their charitable deductions in a given year.  

Location

DONATION HOURS

For large donations (500 books+):  Please contact Karen Hamilton for a delivery appointment.
Cell (preferred) 717-414-2801 Office: 973-396-0500 or email: Karen@booksmiles.org

For smaller donations (less than 500 books): We have collection bins located in front of our facility 24/7.

For a bag or two:  Click to locate a collection bin near you.

FOLLOW Us

CONTACT US: CLICK HERE

  • About Us
    • Contact Team
    • Our Story
    • Board of Directors
    • Blog
  • Register For Books
  • Get Involved
    • Volunteer to Sort
    • Hold A Book Drive
    • Become an Ambassador
    • Painting a Collection Bin
    • Hold a Facebook Fundraiser
  • DONATE
    • Donate Books
    • Estate Libraries
    • Tribute Page
    • Use Amazon Smile
    • Planned Giving >
      • Bequest
      • Qualified Charitable Distribution from IRA
      • Life Insurance
      • Other Beneficiary Designation
    • Lifetime Gifts >
      • Gifts of Stock
      • Qualified Charitable Distribution from IRA
      • Matching Gifts
  • Press/Media