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Invest in your Future: Tax-Smart Giving to the Osher Endowment Fund

Your support for the Osher at Â鶹´å Endowment Fund for the Future endowment creates a lasting legacy, generating a permanent source of funding to support our mission for generations to come. As a non-profit your donations made to our Endowment Fund are generally tax-deductible for the donor. Beyond traditional cash gifts, strategic use of retirement accounts can provide significant tax advantages, especially for those in retirement.

Here are ways you can maximize your impact and potential tax benefits:

Maximize Tax Breaks via Your IRA

For donors aged 70½ or older, a Qualified Charitable Distribution (QCD) is a highly efficient way to give.

• Tax-Free Transfer: You can transfer up to $111,000 annually per person directly from your IRA (including inactive SEP and SIMPLE IRAs) to the endowment fund, and this amount is excluded from your taxable income. This is especially beneficial if you do not itemize deductions.
• Satisfy RMDs: A QCD counts toward your Required Minimum Distribution (RMD), which typically begins at age 73 (or 75 for those born in 1960 or later). Satisfying your RMD with a QCD helps lower your overall adjusted gross income (AGI), which can positively impact other tax calculations like Medicare premiums.
• Direct Transfer Required: The transfer must go directly from your IRA custodian to Osher at Â鶹´å / endowment fund. Withdrawing the money first and then donating it will not qualify as a tax-free QCD.

Why the "Fund for the Future" Endowment Matters

An endowment fund is designed to maintain its principal value while using the investment returns (dividends, interest, capital gains) to fund ongoing operations and ensure the organization's long-term stability and growth. Your contribution is an investment in a permanent source of funding that will help us weather economic changes and plan for the future with confidence.

By donating, you help build a financial bedrock that secures our mission and impact for decades.

How to Donate from Your Retirement Account

• Contact Your Plan Administrator: Reach out to your IRA custodian (e.g., Fidelity, Schwab) and request a direct transfer or "Qualified Charitable Distribution" form.
• Specify the Recipient: Ensure the funds are payable directly to Osher LL Institute at Â鶹´å with a note for your restricted funds to be invested in the Osher Fund for the Future endowment. Gifts cannot be made to donor-advised funds or private foundations using a QCD.  The check should be mailed to our address at:
  • Osher LL Institute at Â鶹´å
    c/o Lyn Decker / Executive Director
    5000 Forbes Avenue
    Pittsburgh, PA 15213

• Consult Professionals: Given the complexity of tax laws, it is recommended you consult with a tax advisor or financial planner to ensure your giving strategy aligns with your overall financial goals and current IRS rules.

Your generosity today helps secure our future tomorrow. Thank you for your continued support.