Ways to Give Securities or Gifts of Stock to Autism Alliance of Michigan
Securities may be delivered electronically from your brokerage account to the AAoM’s custody account at Huntington Bank by making a “DTC Free Delivery.” The mean market value on the date of the transfer will determine the value of the gift for tax purposes.
Use the following transfer instructions:
Account Name: Autism Alliance of Michigan (Tax I.D. Number – 27-0472137)
Bank Name: Huntington Bank
C/O: Financial Services
Agent # 10048
DTC # 2305 – Huntington National Bank
FBO (For the benefit of): Autism Alliance of Michigan
IRA Charitable Rollover
The IRA Charitable Rollover law is now permanent and allows individuals 70½ or older to give up to $100,000 directly from their IRA to one or more qualified charities without paying federal income tax on the withdrawal.
To make a gift to AAoM from your IRA, contact your IRA plan administrator and request a direct qualified charitable distribution from the IRA account to AAoM, a 501(c)(3) organization ( Tax ID 27-0472137).
Frequently Asked Questions
Can I withdraw the money from my IRA and then write a check to charity, or do I need to transfer the money directly?
You need to transfer the money directly from the IRA to AAoM for it to count as the tax-free transfer. Ask your IRA administrator and AAoM about making a direct transfer, or you can have the IRA administrator send a check from your account to AAoM. If you have check-writing privileges for your IRA, you can write a check to AAoM. Let AAoM know the contribution is coming from you so AAoM can properly track and acknowledge your gift. See contact information in last paragraph below.
Can I give my RMD to charity now?
Can I give my 401(k) RMD to charity?
How much can I transfer from my IRA to charity? Can I transfer more than my RMD? I’ll be 70½ in a few months.
Need More Help?
Contact the Office of Development at Info@aaomi.org or call 877-463-AAoM (2266).