DONATE ——— HOW TO
How to Donate
Please complete the appropriate form, print it out (do not submit it on the website!) and send it, along with your credit card information or your check or money order, made payable to the American Friends of the Paris Opera & Ballet to the address below:
American Friends of the Paris Opera & Ballet
972 Fifth Avenue
New York, NY 10075
ONLINE
Click here to make a donation online now with your credit card information.
WIRE TRANSFER
Contact us to receive the wire transfer instructions towards the American Friends of the Paris Opera & Ballet
OTHER METHODS
We also encourage other forms of donations:
IRA Charitable Contribution
Matching Gift
DONATE ——— HOW TO
Stock or Shares Donations
Donations can include securities, including stock, bonds, and mutual funds, directly to AFPOB. Compared with donating cash, or selling your appreciated securities and contributing the after-tax proceeds, donors may be able to automatically increase their gifts and tax deductions.
DONATE ——— HOW TO
IRA Charitable Contribution
Please contact AFPOB’s office to donate mandatory IRA withdrawals after age 70 1/2 years old and take advantage of tax benefits.
Requirements:
What you need to qualify
*Read the fine print to the right
-
IRA owners must be age 70 ½ or older
-
Transfer up to $100,000 per year directly to an eligible charity without paying income tax on the transaction. Couples filing a joint tax return can exclude up to $200,000
-
Contributions must be made by December 31 each year in order to exclude that amount from taxable income
The Fine Print:
-
Contributions can only be made from IRAs (you might need to roll funds over from a 401(k), but you don’t need to itemize your taxes to make an IRA donation)
-
You cannot additionally claim a charitable contribution tax deduction on a charitable distribution from your IRA
-
You can donate part of your required distribution to charity and withdraw the rest of it as retirement income as long as you meet the minimum of distribution requirement by the end of the calendar year
-
Funds must be transferred directly from the IRA to an eligible charity by the IRA trustee in order to qualify for a tax break. If you wish to withdraw the money from your IRA and later donate it, it won’t qualify as a tax-free qualified charitable distribution
-
A charity must be a 501(c)(3) organization in order to receive tax-free IRA charitable contributions
-
You can distribute your required minimum distribution to multiple charities in the same year
-
If you donate more than the maximum allowable amount it is considered income and could be subject to income tax
