IRA Charitable Gift

As you plan your required minimum distributions (RMD) for the year, consider using your IRA account to make the most of your gift to WMRA. Giving through your IRA can satisfy your RMD for the year and may reduce your taxable income, even if you do not itemize deductions.

Your RMD, used as an IRA Charitable Rollover (also known as a Qualified Charitable Distribution/QCD) is an great way to support WMRA and potentially receive tax benefits in return.

How an IRA Charitable Rollover gift works:

Contact your IRA plan administrator or financial advisor to make a gift from your IRA to WMRA. Your IRA funds will be directly transferred to WMRA. Please note that IRA charitable rollover gifts do not qualify as a charitable deduction on your taxes.

-More Details on Required Minimum Distributions-

How to make an IRA RMD gift to benefit WMRA:

To make an IRA charitable rollover gift to WMRA, simply contact your IRA custodian or financial advisor and request that an amount be transferred directly to WMRA. Your gift can be cash or stock in any amount up to $100,000. Please ask your IRA custodian or financial advisor to include your name on the gift or check sent to WMRA.

If you are gifting cash, direct your custodian to make your gift to

WMRA
983 Reservoir St.
Harrisonburg, VA 22801
Federal Tax ID # 54-6001756

If you are gifting stock, direct your custodian to transfer your stock to the JMU Foundation, who will process this gift on WMRA's behalf. Direct the gift to: The James Madison University Foundation, Inc. for the benefit of radio station WMRA

JMU Foundation
Foundation Hall
MSC 8501
1031 Harrison Street
Harrisonburg, Virginia 22807
JMU Foundation Federal Tax ID# 23-7156305

-More Details on Stock Gifts through the JMU Foundation-

When you do make an IRA gift to WMRA, please email or call us and let us know. We'll need your name, address, and phone number so we can properly credit you when your gift arrives.

Scott Lowe - WMRA Membership Director
loweem@jmu.edu
540-568-3806