Donating Using Required Minimum Distributions (RMD)
If you are 70½ or older, you can transfer your RMD to charity at any time. The donation counts as your required minimum distribution but doesn’t increase your adjusted gross income, which can be particularly helpful if you don’t itemize and can’t deduct charitable contributions. Also, keeping some or all of your RMD out of your adjusted gross income could help you avoid the Medicare high-income surcharge or help make less of your Social Security benefits taxable. (You can't double-dip tax breaks and deduct the charitable contribution if you make the tax-free transfer to charity.)
The money needs to be transferred directly from the IRA to Artisan Productions Inc. in order to be tax-free. If you withdraw it from the IRA first and then give it to the charity, you can deduct the gift as a charitable contribution (if you itemize), but the withdrawal will be included in your adjusted gross income.
Because you got a tax break when you contributed to these accounts, once you turn age 70½ the IRS requires you to withdraw every year from your traditional IRA or employer-sponsored retirement plan account, such as a 401(k) or 403(b). Please contact us with any questions. You may donate up to $100,000.
How To Make A Donation
- Online: Click Here to make a secure donation online.
- By Mail: Send checks to, Artisan Center Theater, 444 E. Pipeline Rd, Hurst, TX 76053
- By Phone: Please call the Box Office at 817-284-1200 to make a donation over the phone.
- In Person: We welcome your donation during regular business hours or locate a manager during any performance.
Founded in 2003, Artisan Center Theater is a 501(c)3 non-profit organization created for public benefit. Your charitable contribution is fully tax-deductible. Please contact your financial advisor for information on how to donate your securities. Many employers have a matching gift program so please inquire and see if you can double the power of your generosity.
Thank you for your generous donation!