A Tax-Saving Way to Help AFI

Maximize your impact while saving on taxes by supporting AFI through your IRA—an excellent tax-saving opportunity.

An Exclusive Benefit for Individuals Aged 70½ and Above

You have the power to donate any amount, up to a maximum of $100,000 per year, directly from your IRA to qualified charities like AFI, without incurring income taxes on the funds. This means that gifts valued at $100,000 or less can benefit from this advantageous option. By participating in the IRA charitable rollover, also known as a qualified charitable distribution (QCD), you can make a meaningful difference at AFI.

Why Choose This Gift?
  • Immediate Impact: Witness the positive outcomes of your donation today, knowing that your gift is actively contributing to AFI’s mission.
  • Satisfy Required Minimum Distribution (RMD): Starting from the year you turn 73, you can use your gift to fulfill all or part of your RMD.
  • Tax Advantages: Your IRA gift is neither taxable income nor eligible for a tax deduction. This allows you to benefit, regardless of whether you itemize your deductions.
  • Reduce Income Level: Since the gift is not considered income, it can lower your annual income level. This may lead to decreased Medicare premiums and a reduction in the portion of your Social Security subject to taxation.
For Individuals Aged 59½ or Above

You have the option to take a distribution from your IRA and subsequently make a gift without incurring penalties. If you itemize your deductions, you can also claim a charitable deduction for the amount of your gift.

At Any Age

Regardless of your current age, you can name AFI as the beneficiary of your IRA, designating all or a percentage of your account. Upon your passing, the IRA assets will transfer to AFI without incurring any taxes. To initiate this process, simply reach out to your IRA administrator for a change-of-beneficiary form or download the form from your provider’s website.

Next Steps

Please remember to inform us of your generous gift through your IRA, along with your wishes. This enables us to express our gratitude as a lifelong member of AFI and engage in discussions regarding the impact you hope to achieve with your contribution.

Contact Us

Contact us for additional information about using your IRA to support AFI and our missions. Please notify us of your intentions by submitting the form below.

Seek advice

Seek the advice of your financial or legal advisor before you connect with your retirement provider

Include AFI Details

If you include AFI in your plans, please use our legal name and federal tax ID.

Legal Name:
ABS-CBN Foundation International
Address:
1350 Old Bayshore Hwy Ste 520 PMB 314
Burlingame, CA 94010
Federal Id:
94-3292281