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How Do Qualified Charitable Distributions Work to Help Marginalized Kids?
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Consult With Your Wealth Management Advisor For the Best Advice
The content found on this site is general in nature and intended to be used for informational purposes only. It should not be relied upon as legal, tax, accounting, or other professional advice. To determine how a gift or estate planning decision might affect your particular circumstances, you should consult an attorney, financial advisor, or other qualified professional.
Did you know that you can continue helping marginalized kids long after your lifetime? All you have to do is name Believe in Me as a beneficiary of your retirement account, and the remaining assets (or a portion thereof) will be used to help provide marginalized kids with a safe place to call home, a family that loves them, a feeling of community, and opportunities to learn, build self-esteem, and have fun.
Show Kids You Care by Designating Believe in Me as Your Beneficiary
Are You
Old Enough?
You must be at least
70 1/2 years old
Do You Have
Excess Retirement Funds?
You must have retirement
funds you do not need
Do You Want to Start Helping Kids Right Away?
Your generosity goes directly to to helping marginalized kids
Learn What's Required to Make a Qualified Charitable Distribution
*If you are 70 1/2 years old or older, your qualified charitable distribution can count towards your required minimum distribution!
Reduce Your
Taxable Income
When you take distributions from your retirement account, they are considered taxable income.
The good news is if you transfer them directly to a charity, you can reduce your taxable income while satisfying your required minimum distribution (RMD).
REASON ONE
Fulfill Your
Required Minimum Distribution
After you turn 72, you are required to begin distributing funds from your retirement account. You may be subject to a significant penalty if you do not make a required minimum distribution.
You can satisfy your required minimum distribution by making a qualified charitable contribution of up to $100,000 per individual or $200,000 per couple.
REASON TWO
Three Great Reasons to Make a Qualified Charitable Distribution
Get Started by Contacting Your IRA Administrator Today!
Have More Questions About Gifting Your Life insurance To Believe in Me?
Talk To One Of Our Experts.
As Chief Executive Officer, I help people understand how they can save money on taxes by making a qualified charitable distribution. What does that mean? I am the person responsible for cultivating relationships with individuals who may be interested in making these types of gifts. I’d be happy to sit down, get to know you in person, and share more information about our program.
Contact: julie.wukelic@believeinme.org
Chief Executive Officer
Julie Wukelic, MBA
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As Development Director I oversee all of the organization's fundraising and help manage relationships with our company's financial partners. My quests include planning fundraising events, interacting with new and former donors to encourage ongoing contributions, and helping seek out opportunities for financial support through grants, sponsorships, long-term giving, qualified charitable distributions, and more. I also want to maintain a respectful reputation for our Believe in Me Foundation and any nonprofit we represent. After all, it is all about giving back to those kids less fortunate than ourselves.
Contact: paul.sorensen@believeinme.org
Development Director
Paul Sorensen
I have been fortunate enough to have great mentors throughout my life, and I understand that I would not be the individual I am today without my parents, mentors, and coaches coming alongside me when I needed it most. It is a privilege and my duty to return the favor. I have had a heart for those going through difficult times since I was in middle school and began going on mission trips to build homes in Mexico and feed the homeless in San Francisco. This position provides the opportunity to combine my desire to help and serve, with my passion for finance and maximizing opportunities for all parties involved.
Contact: colin.prestesater@believeinme.org
Volunteer Charitable Giving Advisor
Colin Prestesater
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