IRA Gifts

IRA Gifts

Consider supporting WTTW through your annual distributions from your IRA, or by making WTTW a beneficiary of your retirement account.
Learn more

Lifetime Gifts Through a Qualified Charitable Distribution

The IRA charitable rollover can benefit you in your philanthropy.  Direct gifts to WTTW and WFMT from your annual IRA distribution can:

  • Be an easy and convenient way to make a gift from one of your major assets.
  • Be excluded from your gross income: a tax-free rollover. You may transfer up to $100,000 directly from your IRA if you are not currently contributing to your IRA. (If you are currently contributing pre-tax income to your IRA, the percentage of your gift that is tax-free may be reduced.)
  • Reduce the balance in your IRA account, making your required minimum distributions smaller in the years ahead. (Note: under the CARES act, required minimum distributions are not mandatory for the year 2020.)

You may contribute a qualified charitable distribution if:

  • You are age 70½ or older at the time of the gift.
  • You transfer the funds outright to one or more qualified charities. The legislation does not permit direct transfers to charitable trusts, donor advised funds, charitable gift annuities, or supporting organizations.
  • You transfer your gift from your IRA account. This opportunity applies only to IRAs and not other types of retirement plans.
  • You make your gift by December 31 for the gift to qualify this year.
    • Please note: If you are obligated to take a required minimum distribution and you write a check from an IRA account checkbook directly to a qualified charity, the donation will count as part of your required minimum distribution on the date the check clears your IRA account. Please allow ample time for the check to be deposited by WTTW and processed by your bank.

To make a direct gift to WTTW and WFMT from your retirement account, contact your IRA administrator.

  • You can easily reach out to your IRA administrator with all of the necessary information to give a gift by using our IRA Charitable Gift Request form. Your administrator may need the following information to complete your gift:
5400 North St. Louis Avenue
Chicago, IL 60625

Gifts Through Beneficiary Designations

You can also make WTTW a part of your estate plan by naming us as a beneficiary of your IRA or other retirement account.

To learn more about supporting WTTW with your IRA or retirement plan, please check out this list of FAQs, or contact Kathy Kielar at (773) 509-5553 or [email protected] or Breahan Pautsch at (773) 509-5608 or [email protected].