Required Minimum Distribution

You can send your Required Minimum Distribution (RMD) to a charity using a strategy called a
Qualified Charitable Distribution (QCD). A QCD allows individuals aged 70½ or older to
donate up to $100,000 per year directly from their Individual Retirement Account (IRA) to a
qualified charity, without having to count the distribution as taxable income.

Here’s how to send your RMD to a charity:

can send your Required Minimum Distribution (RMD) to a charity using a strategy called a Qualified Charitable Distribution (QCD). A QCD allows individuals aged 70½ or older to donate up to $100,000 per year directly from their Individual Retirement Account (IRA) to a qualified charity, without having to count the distribution as taxable income.

Here’s how to send your RMD to a charity:

1. Ensure Eligibility

You must be 70½ years old or older to use the QCD option.
You can donate up to $100,000 per year from your IRA to one or more charities.

2. Choose a Qualified Charity

Make sure the charity is a qualified 501(c)(3) organization such as Cure JM Foundation.
Contact our Director of Development, Shannon Malloy, at shannon.malloy@curejm.org. Shannon will call you and explain the process to you.

3. Contact Your IRA Custodian

Reach out to your IRA custodian (the financial institution holding your IRA) and request a Qualified Charitable Distribution.
Some custodians may have online forms, while others will require you to call and complete paperwork.
Give this information to your IRA Custodian:
- Cure JM Foundation, IRS Tax ID 35-2222262.
- Address: 19309 Winmeade Drive, Suite 204, Leesburg, VA 20176
- Mailing Address for Checks: Checks can be made out to Cure JM and mailed directly to the bank at Cure JM, P.O. Box 45768, Baltimore, MD 21297.
- Contact Information: Shannon Malloy, shannon.malloy@curejm.org, 512-709-1905

4. Direct the RMD to the Charity

The IRA custodian will send the money directly to the charity. The distribution must go directly from your IRA to the charity to qualify as a QCD and avoid being included in your taxable income.
You can request that the custodian send the charity a check, or in some cases, they can make an electronic transfer.

5. Retain Records

Keep records of the QCD for tax purposes, including any letters or receipts from the charity acknowledging the donation.
You won’t receive a charitable deduction for this contribution, but the donation amount will be excluded from your taxable income.

6. Report the QCD on Your Tax Return

You will still receive a Form 1099-R from your IRA custodian showing the distribution.
When filing taxes, report the distribution but indicate that the portion transferred as a QCD is nontaxable. Your tax preparer or software can help handle this correctly.

By using a QCD, you can fulfill your RMD requirement while also supporting a cause you care about, without the added tax burden of withdrawing the funds first.

Research Update: misbehaving Mitochondria Linked to Juvenile Dermatomyositis. Dr. Christian Lood

Breakthrough Discovery: Misbehaving Mitochondria Linked to Juvenile Dermatomyositis

The generous support of our community has been instrumental in funding groundbreaking research this year, led by Dr. Christian Lood at the University of Washington and Cure JM’s Center of Excellence at Seattle Children’s Hospital. Dr. Lood’s team has identified calcified mitochondria in the muscle tissue of JDM patients with calcinosis – a finding that sheds new light on understanding JDM

Photo of Mark Zuckerberg and Priscilla

Cure JM Research Consortium Receives Prestigious Chan Zuckerberg Grant

The Chan Zuckerberg Initiative has awarded Cure JM and a consortium of Cure JM-funded researchers a coveted $2 million rare disease research grant to identify new biomarkers in JM and improve precise, personalized care through the identification of cell-to-cell interactions that drive inflammation in juvenile myositis.

Balancing Work and Caregiving: Strategies for Working Parents of Children with Juvenile Myositis

Balancing Work and Caregiving: Strategies for Working Parents of Children with Juvenile Myositis

Balancing the demands of a career with the responsibilities of caregiving is a challenging task for any parent. For those with a child diagnosed with juvenile myositis (JM), a rare autoimmune disease affecting children, the challenge is heightened. Juggling work commitments while providing the necessary care and support for a child with JM can be taxing. In this article, we hope to provide you with a few effective strategies and insights to help working parents navigate this delicate balance.

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