Over 70 ½? Own an IRA? Consider a QCD!

Aug 1, 2018

Lonnie Sullivan listened to Public Radio Tulsa for years.  But he never contributed…until now.

“I listen every night before I go to bed,” says Lonnie.  “I really appreciate the BBC; they look at our political situation from a totally different perspective.”

Lonnie and his wife have reached that magic age (70 ½) when the IRS requires a certain percentage be withdrawn from an IRA every year – a Required Minimum Distribution (RMD) – or a stiff penalty will be assessed. Instead, like more and more of our listeners, the Sullivan’s made a Qualified Charitable Distribution (QCD) to Public Radio Tulsa.  

“I didn’t need to take the distribution, but if I didn’t, the IRS penalty would be huge!” Lonnie explains.  “So, my wife and I talked it over, and we decided to make the QCD to Public Radio Tulsa. Since I’ve been a listener for so long but haven’t ever been a member, I figure now’s my chance to get even!”

If  you have reached the age of 70 ½, making a Qualified Charitable Distribution from your IRA to Public Radio Tulsa is easy. Contact your IRA plan administrator to make your gift from your IRA to us.  Advise your administrator that Public Radio Tulsa is part of The University of Tulsa and therefore falls under TU’s federal tax ID.

For more information about Qualified Charitable Distributions from your IRA, please speak with your tax accountant and/or plan administrator. For information about making your QCD to Public Radio Tulsa, please contact Judith Nole at 918-631-3118 or judith-nole@utulsa.edu.

(Lonnie has worked as a first responder for PSO, and that’s how he got into the habit of listening to Public Radio Tulsa during those long evenings.  Now, Lonnie says, he takes along his laptop, so he can listen to KWGS wherever he goes. Thank you for supporting Public Radio Tulsa, Lonnie…and happy listening!)