Many “Friends of the Battleship” have charitable intent, and want to help financially support this historic warship for posterity.
If you own an IRA, and are over the age of 70 1/2, the IRS mandates that you must take a Required Minimum Distribution (RMD) each year. This requirement was suspended in 2020, but is due to reappear in 2021.
If done correctly, a QCD will reduce the amount of income tax due in the year the distribution is made.
Please consider designating the Battleship New Jersey, a 501c3 non-profit museum, for a portion of your RMD in the form of a Qualified Charitable Contribution (QCD).
For more information on contributing to the Battleship through your IRA, click the link below.