Biblioteca Pública AC.

INVESTMENT GIFTS
Give from your IRA

Make a difference today and save on taxes. It is possible when you support the Biblioteca Publica through your IRA.

A Special Opportunity for Those 73 Years Old and Older

You can give any amount (up to a maximum of $108,000) this year from your IRA directly to a qualified charity such as the Biblioteca Publica without having to pay income taxes on the money. Gifts of any value $108,000 or less are eligible for this benefit and you can feel good knowing that you are making a difference at the Biblioteca Publica. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short. If you are married and both spouses have their own IRAs, each can make a QCD, for a potential combined total of $216,000.

Why Consider This Gift? Your gift will be put to use today, allowing you to see the difference your donation is making.

  • If you are required to take minimum distributions from your IRA, you can use your gift to satisfy all or part of your obligation.
  • You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
  • Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.

The Biblioteca Publica de San Miguel de Allende cannot provide individual financial or legal advice as each individual person’s situation may vary.  Individuals should check with their accountants and lawyers before using sample documents we provide. 

Please contact us to discuss questions or the specifics of your designation at recaudaciones@labibliotecapublica.org.

Our US Legal Name:  Funds for the Biblioteca Publica Inc, aka Biblioteca Publica de San Miguel de Allende AC.

Federal Tax ID EIN: 68-0399326

IRA Distribution Letter Template

This one-page letter is pre-filled with the information you need to make a distribution to the Biblioteca Publica. Simply add your information, print the letter, and mail to your retirement account provider. Please delete these instructions before printing the letter.

[Date]
RE: Request for Direct Qualified Charitable Distribution from IRA

Dear IRA administrator:

Please accept this letter as my request to make a direct qualified charitable distribution from my individual retirement account number [insert number here] as authorized under Sec. 408(d)(8) of the Internal Revenue Code, as amended.

Please issue a check in the amount of $[amount], payable to Funds for Biblioteca Publica Inc.  and mail it to:

Frost Bank, 1155 NE Loop 410, San Antonio, TX 78209

The qualified charitable organization’s federal tax identification number EIN:  68-0399326

In your transmittal to the above-named charitable organization, please copy me on the transmittal at the address below.

It is my intention that this gift complies with IRC 408(d)(8). It is also my intention to have this transfer qualify during this tax year.

If you have any questions or concerns regarding this request, I can be reached at [Your Phone Number] or [Your Email Address].

Thank you for your prompt attention to and assistance in this matter.

Sincerely,

[Your First and Last Name]
[Your Address]
[Your City, State ZIP]
[Your Phone Number]