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IRA Charitable Rollover/QCD

Give From Your IRA, Make A Lasting Impact

If you’re 70½ or older, you can support WAVE Foundation directly from your IRA through a Qualified Charitable Distribution (QCD). It’s a simply, tax-smart way to inspire and educate future generations of conservationists and grow a community of volunteers.

Why Give Through Your IRA?

  • Reduce you taxable income. A QCD is excluded from your taxable income, which means you never pay income tax on the amount you give.
  • Satisfy your Required Minimum Distribution (RMD). If you’re subject to RMD’s, a QCD can count toward you annual requirement.
  • Give without itemizing. You can benefit even if you take the standard deduction.
  • See your generosity at work. Your gift goes directly to the programs that make a difference in our community.

What Your Gift Makes Possible

Your gift supports WAVE Foundation’s work in environmental education, conservation, and volunteerism. Together with our partners at Newport Aquarium, we inspire people of all ages to protect the natural world.

How It Works

  1. Confirm your eligibility. You must be 70½ or older, and gifts must come from a traditional or Roth IRA.
  2. Contact your IRA administrator. Ask them to make a direct transfer to WAVE Foundation. The funds must go straight from your IRA to us; you can’t receive the money first and then donate it.
  3. Use our information.
    • Organization: WAVE Foundation, Inc.
    • Federal Tax ID (EIN): 61-1325992
    • Mailing Address: 1 Aquarium Way, Newport, KY 41071
  4. Let us know. Tell us about your gift so we can thank you properly and give you a receipt for your records. Contact Executive Director Tricia Watts.

Good To Know

  • Annual QCD limits apply and are adjusted for inflation. Please confirm the current limit with your advisor.
  • QCDs cannot be made to donor-advised funds or private foundations. Gifts to WAVE Foundation are made directly.
  • Funds from 401(k) and 403(b) plans must first be rolled into an IRA before they qualify.
Let Us Know About Your Gift

Questions? We’d be happy to help and your financial advisor make the process easy. Reach out to Tricia Watts or 859-815-1404.

WAVE Foundation is a 501(c)(3) nonprofit organization. Our staff cannot provide tax or legal advice. Please consult your financial or tax advisor to determine how a QCD fits your situation.