Qualified Charitable Distribution

If you are 70 ½ or older, you can make a tax-free transfer up to $100,000 per year directly from your individual retirement account (IRA) to the Historical Society. This is called a charitable distribution (QCD).

 

• Tax benefits: A charitable gift transferred directly to the Historical Society from your IRA will not be taxed and can satisfy your required minimum distribution. The transfer does not generate taxable income or a tax deduction, so you benefit even if you don’t itemize your deductions.

• Ease: You don’t need an attorney to make this gift; simply contact your IRA administrator 

• Impact: An IRA gift can be directed to unrestricted support or to a program or department at the Historical Society that is important to you. Your gift will be put to use right away, so you can see the difference you are making. 

Donor-Advised Fund Gifts

Donor-advised funds (DAF) are a simple strategy to achieve your charitable goals. The donor receives a charitable income tax deduction when the DAF is created and then recommends one-time or recurring grants to their favorite nonprofit organizations, such as the Historical Society.
Simply contact the Community Foundation or Sponsoring Organization where you have established your DAF and recommend a grant to the Historical Society. 

Info for Your IRA and DAF Administrator 

Historical Society of Pennsylvania tax ID number: 23-1352322
Historical Society of Pennsylvania 
Attn: Development Office
1300 Locust Street
Philadelphia, PA 19107

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The purpose of this webpage is to provide general information and is not legal or tax advice. Please consult with your legal counsel and/or tax advisor before making these types of gifts. Gifts cannot be made from an IRA or DAF when goods or services are provided.

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For more information, contact JC Hatalski, Chief Development Officer, at 215-982-2406, or via email at jchatalski@hsp.org.  

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