Stock, Mutual Fund, and
Qualified Charitable Distribution

Wish kid Carl

Make-A-Wish Foundation of Illinois Federal Tax ID: 36-3422138

Stock or Mutual Fund

Use the following electronic transfer information and work directly with your broker to transfer your stocks. Please notify us when you are planning to make a gift of stock or mutual fund shares (see contact information below).

DTC Clearing 0164, Code 40 
Schwab Account Number: 9403-0301 
Schwab Account Name: Make-A-Wish Illinois Stock Clearing 

If the transfer is unable to be completed via DTC, contact Schwab Transfer Group at 602.355.9003 for further delivery instructions.
 
It is important that you authorize the broker to disclose to Make-A-Wish Illinois the following information pertaining to the stock transfer so that your gift is efficiently identified: 

  • Donor name and address 
  • Name of stock and number of shares 
  • Estimated value 
  • Purpose of gift 

Print a PDF version of these instructions.

Qualified Charitable Distribution (IRA Charitable Rollover Gift)

A Qualified Charitable Distribution, also known as an IRA charitable rollover gift, allows individuals 70½ or older to make an outright gift of up to $100,000 annually from an IRA directly to Make-A-Wish Illinois (the distribution is not subject to tax).

Recap of Rules

  • The IRA account holder must be age 70½ or older at the time the distribution is made to Make-A-Wish Illinois
  • Distributions are limited to $100,000 per individual per year and must be transferred directly from the IRA custodian to Make-A-Wish Illinois
  • Distributions can only be directed from a traditional or Roth IRA
  • The distribution must be an outright gift to Make-A-Wish Illinois

Benefits

  • Satisfies all or part of annual required minimum distributions (RMD) and provides a charitable giving strategy for donors who do not need the additional income
  • The rollover amount is a tax-exempt distribution and not subject to income tax
  • Maximizes giving by allowing donors to give outside of the charitable deduction limit
  • Provides value for those who do not itemize
  • May be used to fulfill any outstanding pledges

You should work closely with your IRA custodian to request a direct distribution to Make-A-Wish Illinois. Please notify us when you are planning to make a Qualified Charitable Distribution (see contact information below).

The above information is intended to assist you in your tax, estate, and charitable planning. It is not intended as legal or tax advice. For such advice, please contact an attorney or financial advisor.

For more information, contact:

Heather Simpson, Chief Development Officer
312.602.9434 or [email protected]

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