Qualified Charitable Distribution from an IRA

If you are 70 1/2 years of age or older, you are eligible to gift some or all of your required minimum distribution up to $100,000 to charity allowing you to minimize your adjusted gross income for 2022.  

To make a qualified charitable distribution to BookSmiles from your IRA, please contact your IRA administrator.  Keep in mind:

• Donor must be at least 70 1/2 years of age when the gift is made;
• Transfer must be made directly from the IRA administrator to BookSmiles;
• Gifts from the IRA cannot exceed $100,000 per person ($200,000 for a couple) in a given year;
• Gifts can only be outright gifts (may not fund a charitable gift annuity or charitable trust;
• No goods and services can be given in exchange; and 
• Gifts cannot be made to a donor advised fund, a supporting organization, or a private foundation.

Checks sent by your plan administrator directly to BookSmiles must be postmarked by December 31.

If you are able to write checks from your traditional IRA, you may be able to write the check to BookSmiles yourself.  To ensure credit for this tax year toward your required minimum distribution, please mail the check to BookSmiles no later than December 1.  (Male checks and send to BookSmiles, 7300 N. Crescent Blvd., Unit 10, Pennsauken, NJ 08110

​If you have any questions, please contact Larry Abrams at larry@booksmiles.org or (973) 936-0500.