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Individual Retirement Account
Support Mission Quest by Donating Through Your Individual Retirement Account (IRA)
At Mission Quest, your generosity fuels our mission to fight poverty and uplift communities around the world. One impactful way to support our work is by making a charitable donation directly from your Individual Retirement Account (IRA). This tax-advantaged method of giving not only supports our cause but also offers financial benefits to you.
What is an IRA Charitable Donation?
An IRA charitable donation allows you to transfer funds directly from your IRA to a qualified nonprofit organization like Mission Quest. This type of giving is especially beneficial for individuals aged 70½ or older, as it can satisfy your required minimum distribution (RMD) while excluding the donation from your taxable income.
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Benefits of Donating Through Your IRA
1. Tax Advantages: By making a direct transfer from your IRA to Mission Quest, you can exclude the donation amount from your taxable income, potentially lowering your tax bill. This is particularly beneficial for individuals who do not itemize their deductions.
2. Satisfy Your RMD: For those 70½ or older, an IRA charitable donation counts toward your required minimum distribution (RMD) for the year. This can help you meet your RMD obligations while supporting a cause you care about.
3. Simple and Convenient: Making a donation from your IRA is a straightforward process. It allows you to support Mission Quest without the need to liquidate assets or write a check.
How to Donate Through Your IRA
1. Contact Your IRA Custodian: Reach out to your IRA custodian and inform them of your intention to make a qualified charitable distribution (QCD) to Mission Quest. They will provide you with the necessary forms and instructions.​
2. Provide Donation Details: Specify the amount you wish to donate and provide Mission Quest’s information:
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Mission Quest
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P.O. Box 4602, Wheaton, IL 60189
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Phone: 773-998-3878
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Email: mq@missionquest.org
3. Complete the Transfer: Your IRA custodian will handle the transfer of funds directly to Mission Quest. Be sure to request a confirmation of the transaction for your records.
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4. Notify Mission Quest: Let us know about your donation so we can properly acknowledge your generosity and ensure your gift is used as intended.
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For more information, please contact us at mq@missionquest.org or call our office at 773-998-3878
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