Other Ways to Give

Give from your IRA

Make a difference today and save on taxes. It is possible when you support Food Bank of Alaska through your IRA. You can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity, such as the Food Bank of Alaska, without paying income taxes. Gifts of $100,000 or less are eligible for this benefit, and you can feel good knowing that you are making a difference at Food Bank of Alaska. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.

Why Consider This Gift?

  • Your gift will be put to use today, allowing you to see the difference your donation is making.
  • When you turn 72, you can use your gift to satisfy all or part of your required minimum distribution (RMD).
  • You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
  • Since the gift doesn’t count as income, it can reduce your annual income. This may help lower your Medicare premiums and decrease the amount of Social Security subject to tax.
Next Steps
  • Connect with your retirement provider. Then,
  • Contact Jenny di Grappa, jdigrappa@foodbankofalaska.org, or 907-222-3102 to discuss using your IRA to support Food Bank of Alaska and our mission.
  • To include Food Bank of Alaska in your plans, please use our legal name and federal tax ID. Please let us know of your gift (many retirement providers assume no responsibility for allowing nonprofits to know of your intentions, so your goals won’t be honored). Address: Food Bank of Alaska, 2192 Viking Dr, Anchorage, AK 99501 Tax ID: 92-0073175

Donor Advised Fund (DAF)

A Donor Advised Fund is a centralized vehicle for charitable giving, making it easy for donors to dedicate funds to support nonprofit organizations. It also provides an operationally convenient and tax-efficient method for donors to manage their charitable giving. With a Donor Advised Fund, individuals, families, and businesses make an irrevocable gift to a public charity that sponsors a donor-advised fund program and may take an immediate tax deduction. Donors can then recommend grants over time to IRS-qualified 501(c)(3) public charities, including the Food Bank of Alaska. Most Donor Advised Funs accept donations of long-term appreciated securities and other assets, and donors can advise how the funds are invested, which could potentially allow tax-free growth and result in more money for your charity.



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