The 14th Give to Lincoln Day is just around the corner! This annual giving event benefiting local nonprofits kicks off May 1 and builds up to Lincoln’s One Big Day of Giving on Thursday, May 29.
When you reach a certain age, the federal government requires you to withdraw or distribute a portion of your IRA investment and consequently pay taxes on the amount withdrawn. By using a Qualified Charitable Distribution (QCD) to support a qualified charity, those funds are transferred directly to that charitable organization, tax-free.
If you have an IRA and would like to make a QCD to support this year’s Give to Lincoln Day, please follow these steps:
- Decide the total amount you wish to donate with your IRA QCD for Give to Lincoln Day.
- Contact your IRA administrator to request a check for this amount from your IRA as a QCD. Checks must be made payable and mailed to Lincoln Community Foundation.
Lincoln Community Foundation
Attn: Rhonda Page
215 Centennial Mall South
Suite 100
Lincoln, NE 68508
Please ask your administrator to include your name and “QCD” in the memo line. Checks must be received at the Foundation by May 29 to count towards the event.
- Select the nonprofit(s) you’d like to donate to. All participating nonprofits will be listed on GiveToLincoln.com after April 28.
- Complete the IRA QCD form with your selected nonprofit(s) name and amount of your donation(s). Your donations should equal the total amount of your QCD check. Please note there is a $100 minimum donation per organization. Forms may also be requested by contacting Rhonda Page at 402-474-2345 or rhondap@lcf.org.
- Return the completed form to the Foundation by Friday, May 16.
Questions? Contact Rhonda Page at 402.474.2345 or rhondap@lcf.org.