Since 2006, individuals who are required to take an annual distribution from their retirement funds have been able to donate to charities directly from individual retirement accounts (IRAs) in lieu of part or all of their required distribution.
For the 2025 tax year, individuals over 70½ can make tax-free qualified charitable distributions (QCDs) up to $108,000. For those 73 years and older, such a QCD can also help meet the required minimum distribution, thus helping avoid taxes or penalties.
Processing a donation through a QCD is easy!
Please CLICK HERE for more information on how to make a gift to Longyear before the tax year ends on Dec. 31, 2025.
Other ways to give
Longyear Museum is also able to enter into contracts for charitable gift annuities, charitable remainder unitrusts, and charitable remainder annuity trusts, known as split gifts. The IRS allows a one-time lifetime election to use QCD funds of up to $54,000 to transfer to a charity for such a split-interest account. (The amount of QCD funds used for a split interest account is part of the maximum $108,000 annual allowance for transfers to charities and excluded from income.) If you’d like to provide support in this way, please contact our Development Office at 617.278.9000 x220.