Making a Qualified Charitable Contribution from Your IRA

If you are age 70 1/2 or older, you can save on income tax by making a donation to the AOF directly from your Individual Retirement Account (IRA).

Do not withdraw the funds yourself or you will have to report the withdrawal as taxable income. If you are requesting the transfer at the end of the tax year, allow enough time for the transfer to complete by December 31.

There are two options to contribute from your IRA.

Option 1: Contact your IRA custodian and request a direct transfer to:

American Osteopathic Foundation
142 E. Ontario Street, Chicago, IL 60611
 

Our tax ID number is 36-6056120

Option 2: Send a gift directly to the American Osteopathic Foundation using your IRA checkbook. Allow extra time for the gift to clear in order to take a tax deduction in the current calendar year.

Then contact Scott Park, Major and Planned Gifts Officer, at 312-202-8232 with your name, the exact amount of your gift, and the name of your IRA custodian so we can provide you with substantiation for your tax return.

Please note that we are not able to give formal tax advice, and we strongly advise you to have these gifts reviewed by your own qualified financial or tax advisors.