If you are 70 ½ or older, you can use your IRA to receive tax relief on giving to charities such as the Center for Victims of Torture. You can do so with a qualified charitable distribution (QCD) from your IRA.
The funds are directly transferred from your IRA to the Center for Victims of Torture are put to use right away. A QCD generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
Gift Options
Gifting cash
Direct your plan administrator to make your gift to:
The Center for Victims of Torture
2356 University Ave W., Ste 430
St. Paul, MN 55114
Federal Tax ID: 36-3383933
Gifting Stock
Direct your plan administrator to transfer your stock to our account at:
UBS Financial Services
Jack Samuels, Client Service Associate
681 East Lake Street
Wayzata, MN 55391
952-475-9467
[email protected]
Center for Victims of Torture Account Number: RP 25650
DTC Number: 0221
Learn more about donating stock.
Benefits of an IRA Qualified Charitable Distribution
- Avoid taxes on transfers of up to $105,000 from your IRA to our organization.
- Satisfy your required minimum distribution (RMD) for the year.
- Reduce your taxable income, even if you do not itemize deductions.
- Make a gift that is not subject to the deduction limits on charitable gifts.
- Help further the work and mission of our organization.
How to make an IRA Qualified Charitable Distribution gift to benefit CVT
- Contact your IRA plan administrator and request that a Qualified Charitable Distribution (QCD) be transferred directly to the Center for Victims of Torture.
- Your IRA funds of cash or stock in any amount (up to $105,000) will be directly transferred to our organization to help continue our important work.
- Please note that IRA Qualified Charitable Distribution gifts do not qualify for a charitable deduction.
- Please contact us if you wish for your gift to be used for a specific purpose.
Have Questions?
Thank you for your support! If you’ve already given a QCD gift to us and haven’t yet received your acknowledgment letter, please contact us so that we can verify your gift and provide you with your letter.
The information found on this page is intended for informational purposes only. We recommend consulting with a trusted financial advisor before making decisions involving your estate.