For those aged 70½ and older, there is a special provision that allows you to make what is known as a Qualified Charitable Distribution (QCD) directly from your IRA.

If you have a traditional IRA, you can make gifts to the American Diabetes Association using funds that might otherwise be taxed and can be withdrawn (up to a total of $100,000 per individual per year or $200,000 per couple with separate IRAs). You can ensure 100% of your contribution will support diabetes research by designating your gift as such.

Contact your IRA plan administrator today. They may have a form for you to complete or contact us so that we can provide the information you need at plannedgiving@diabetes.org or 1-888-700-7029. Either way, please let us know you have sent along your funds so that we can acknowledge the generosity and share the impact of all the individuals with diabetes who will benefit. If you need any additional information on giving to or living with diabetes, please contact us. 

Consider the American Diabetes Association as a retirement account beneficiary:

Name ADA as a beneficiary of your retirement plan or Individual Retirement Account (IRA).  Funds from these accounts may subject your heirs to federal income tax, so it may be wise to make charitable gifts from these sources. In most states with a “Retirement or IRA designation of beneficiary form” you can name the ADA as the recipient of all or a portion or any assets remaining in your financial accounts.   

NOTE:  It is recommended that the letter to your IRA plan administrator be sent no later than December 13, to allow for processing by your plan administrator and receipt by the American Diabetes Association on or before December 31. Every individual or couple’s situation is unique, we recommend that you consult your financial planning or tax professional to share your charitable wishes.