You can make a qualified charitable distribution (QCD) from your IRA and make an immediate impact. Here’s how it works:

• You must be 70 ½ or older.
• An individual may transfer up to a total of $105,000 per year and a married couple may give up to $210,000.
• An individual may take a one-time QCD up to $53,000 to fund a charitable gift annuity (CGA) or charitable remainder trust (CRT).
• Your gift must be transferred directly from your IRA account to the HRC Foundation.
• Your gift is a transfer of funds from your IRA to the HRC Foundation, so while you do not receive a charitable deduction, it does not create taxable income for you.
• If you are 73 and older, the transfer of funds counts towards your annual Required Minimum Distribution* from your IRA.

If you’re interested in this popular way to support HRC, download a sample letter for your IRA administrator here.

Retirement assets are among the most heavily taxed, making them an ideal resource for charitable giving once you no longer need the assets yourself. As the charitable affiliate of HRC, the HRC Foundation is exempt from paying the taxes that might otherwise be owed. Consider making the HRC Foundation a beneficiary of your retirement assets and leaving other less-heavily taxed assets to loved ones.

Be sure to let us know if you have included the HRC Foundation as a beneficiary of a retirement account. Providing us with documentation is the best way to ensure that we receive the gift you intend for us.

It’s not uncommon for people to have a life insurance policy that has outlasted its original purpose. If you have a life insurance policy, you can use it (or a percentage of it) to reduce your taxes and create a gift for HRC that demonstrates your commitment to the future of the LGBTQ+ movement.

• Request a beneficiary designation form from your life insurance company and make the HRC Foundation a full, partial or contingent beneficiary.
• Sign over a fully paid policy. You will be allowed a tax deduction for your generosity.

Potential benefits include:

• You could reduce your income taxes;
• You might receive additional tax deductions if you make annual gifts so the HRC Foundation can pay the premiums;
• You can see firsthand how your gift fuels the LGBTQ+ movement if the HRC Foundation cashes in the policy;
• You can create your legacy of equality. If the HRC Foundation retains the policy to maturity or you name it as a beneficiary, once the policy matures, the proceeds of your policy will be paid to the HRC Foundation.

One of the easiest ways you can help achieve full equality for LGBTQ+ people is by making HRC the beneficiary of a certificate of deposit, a checking or savings bank account, or brokerage account. Simply request a Pay on Death (POD) or Transfer on Death (TOD) designation form from your financial institution.