If you are 70½ or older and have an IRA, you are already qualified!
Qualified Charitable Distribution (QCD) from your IRA
How a Qualified Charitable Distribution (QCD) Works
You are at least 70½ years old with IRA funds
Make a qualified charitable distribution (QCD) from your IRA
The full amount of your QCD goes directly to The Joffrey Ballet, supporting a cause you care about and bypassing income taxes
*If you are 73 years old or older, your QCD can count towards your required minimum distribution (RMD)!
Did You Know?
You can also support our mission for years to come. Simply name The Joffrey Ballet as a beneficiary of your IRA, and the remaining assets (or a portion) of the account will be distributed to help us ensure the brightest future for dance.
Sample Beneficiary Designation
Legal name: The Joffrey Ballet
Address: 10 East Randolph Street, Chicago, IL 60601
Federal Tax ID number: 36-4009741
Discover the Benefits of a Qualified Charitable Distribution (QCD)
Reduce Your Taxable Income
When you receive funds from your IRA, they count as taxable income. But if you transfer IRA funds directly to The Joffrey Ballet, you reduce your taxable income while satisfying your RMD.
Fulfill Your Required Minimum Distribution (RMD)
IRA holders must distribute funds after turning 72, and penalties can apply if the required minimum distribution (RMD) is unmet. A QCD allows a transfer up to $108,000 per individual or $216,000 per couple to satisfy the RMD.
Transform Lives through the Power of Dance
When you make a qualified charitable distribution from your IRA to The Joffrey Ballet, you allow us to continue providing accessible arts education throughout our community, world-class dance training for dancers of all ages and abilities, and unparalelled performances that elevate the cultural landscape of the city.
Find out if a Qualified Charitable Distribution is right for you
You’re qualified to make this type of gift!
It looks like there are still some requirements that need to be met!
Take Your Next Steps
Step 1
Get started by selecting your IRA custodian and filling out your information below.
This information will be used to pre-fill your distribution form.
STEP 2
Once you have downloaded and completed the rest of your form, please mail the form with the letter below to your IRA custodian. We recommend mailing this by December 1 to ensure you receive your tax deduction for this year.
STEP 3
Let us know about your generous gift!
We’d like to thank you and ensure your gift goes to the program you desire.
We’d love to talk with you and answer any questions you may have!
Kristen Bigham
Director of Major & Planned Gifts
Email me
312.242.9780