Planning Your Legacy
Create a Plan to Help Children and Families
At Ronald McDonald House Charities of Eastern Iowa and Western Illinois, we provide strength and support to children and their families by keeping them together when they need it most. Your gift allows us to bring hope and help to families with ill or injured children through our program and family-centered care.
Many of our supporters choose to support our future through planned gifts. Unlike cash donations, planned gifts are typically made from assets in your estate rather than from disposable income, and may come to fruition after your lifetime. Even people of modest means can make a difference in the lives of children by planning a gift.
Whether you would like to put your donation to work today or benefit us after your lifetime, we can help you find a charitable plan that meets your goals. With your help, we can continue to make children healthier and happier by giving families a home away from home.
IRA Charitable Rollover
Smart Giving From Your IRA
A Tax-Saving Way to Help Ronald McDonald House Charities of Eastern Iowa and Western Illinois
Make a difference today and save on taxes. It is possible when you support Ronald McDonald House Charities of Eastern Iowa and Western Illinois through your IRA.
A Special Opportunity for Those 70½ Years Old and Older
You can give any amount (up to a maximum of $105,000) per year from your IRA directly to a qualified charity such as Ronald McDonald House Charities of Eastern Iowa and Western Illinois without having to pay income taxes on the money. Gifts of any value $105,000 or less are eligible for this benefit and you can feel good knowing that you are making a difference at RMHC Eastern Iowa & Western Illinois. 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.
Beginning in the year you turn 73, 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 level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
For Those 59½ Years Old or Older
If you are at least 59½ years old, you can take a distribution and then make a gift from your IRA without penalty. If you itemize your deductions, you can take a charitable deduction for the amount of your gift.
At Any Age
No matter your age, you can designate Ronald McDonald House Charities of Eastern Iowa and Western Illinois as the beneficiary of all or a percentage of your IRA and it will pass to us tax-free after your lifetime. It’s simple, just requiring that you contact your IRA administrator for a change-of-beneficiary form or download a form from your provider’s website.
Tip: It is critical to let us know of your gift because many popular retirement plan administrators assume no obligation to notify a charity of your designation. The administrator also will not monitor whether your gift designations are followed. We would love to talk to you about your intentions to ensure that they are followed. We would also like to thank you for your generosity.
Legal name: Ronald McDonald House Charities of Eastern Iowa and Western Illinois
Legal address: 730 Hawkins Drive, Iowa City, IA 52246
The following language is an example of wording that may be used to name Ronald McDonald House Charities of Eastern Iowa and Western Illinois as a beneficiary of your last will and testament. Your gift may be of a specific dollar amount or it may also be of a percentage of your estate.
“I, [name], of [city, state ZIP], give, devise and bequeath to Ronald McDonald House Charities of Eastern Iowa and Western Illinois, 42-1189783, [written amount or percentage of the estate or description of property] for its unrestricted use and purpose.”