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Give IRA/Retirement Funds

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Turn Your Retirement Savings Into Lasting Impact

Individuals age 70½ or older may make a tax-efficient gift to our organization directly from an Individual Retirement Account (IRA). This type of gift, often called a Qualified Charitable Distribution (QCD), allows you to transfer funds from your IRA directly to Hopeful Beginnings. The amount transferred may count toward your required minimum distribution and is generally excluded from your taxable income, subject to applicable IRS rules.

To make a gift from your IRA, contact your IRA custodian and request that the distribution be made directly to Hopeful Beginnings. Once the transfer has been initiated, we encourage you to notify us so we can properly acknowledge your gift.

If you have questions about making a retirement account gift, we would be happy to provide additional information.

SAMPLE LETTER:

[Date]

[Retirement Plan Administrator Name]
[Financial Institution Name]
[Address]
[City, State ZIP]

Re: Request for Charitable Distribution from IRA
Account Owner: [Donor Name]
Account Number: [IRA Account Number]

Dear Sir or Madam:

I am writing to request a distribution from my Individual Retirement Account referenced above in the form of a Qualified Charitable Distribution.

Please issue a distribution in the amount of $[Amount] payable to:

Hopeful Beginnings
[Charity Address]
[City, State ZIP]
Tax ID (EIN): [Charity EIN]

Please mail the check to:
[Hopeful Beginnings or Donor Name, if the check will be forwarded]
[Address]
[City, State ZIP]

This distribution is intended to qualify as a Qualified Charitable Distribution under Internal Revenue Code Section 408(d)(8). Please ensure the payment is made directly to Hopeful Beginnings

If you require any additional information to complete this request, please contact me at [phone/email].

Thank you for your assistance.

Sincerely,

[Donor Name]
[Address]
[City, State ZIP]
[Phone Number]
[Email Address]

If you wish to inform us of your plans, we would be pleased to assist you further. Contact Hopeful Beginnings Executive Director Natalie Rodriguez at

nrodriguez@hopefulbeginning.org or 847-870-8181.

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