Menu Search

Register Today for the 2024 Convention | Price Increases July 16!


Tax-Wise Giving

These popular ways to give provide impactful benefits for both you & the NFA

Make a difference today and save on taxes. It’s possible when you support the National Flute Association through your IRA.

A Special Opportunity for Those 70½ Years Old and Older
You can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity such as the National Flute Association without having to pay income taxes on the money. Gifts of any value $100,000 or less are eligible for this benefit and you can feel good knowing that you are making a difference. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.

Why Consider This Gift?

  • Your gift will be put to use today, allowing you to see the difference your donation is making.
  • Beginning in the year you turn 72, you can use your gift to satisfy all or part of your required minimum distribution (RMD).
  • You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
  • Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.


  • Make a distribution online - Log in to your IRA provider’s website to make a direct distribution.

  • Print and mail a distribution letter

This one-page letter is pre-filled with the information you need to make a distribution to the National Flute Association. Simply add your information, print the letter, and mail to your retirement account provider.

Click to download the distribution letter template

IRA Frequently Asked Questions


Interested in helping the National Flute Association continue to inspire flutists and enrich lives but feel overwhelmed by the thought of writing another check or giving up your assets today? Joining the Legacy Circle is a simple, flexible and versatile way to ensure the NFA continues for years to come by including a gift in your will or living trust, also known as a charitable bequest.

By including a gift to the National Flute Association in your will or living trust, you are ensuring that we can continue our mission for years to come. Your gift also entitles your estate to an unlimited federal estate tax charitable deduction.

Click here for the NFA Bequest Intention Form

Giving stock, securities and mutual funds that have increased in value and been held for more than one year are one of the most popular assets to use when making a gift to the National Flute Association. Making a gift of securities or mutual funds to us offers you the chance to support our work while realizing important benefits for yourself. Neither you nor the NFA will owe any capital gains tax on the donated stock, and you will be eligible to receive a federal income tax deduction for the full value of your contribution. Please consult with your tax advisor to find out more about how these benefits apply to your particular situation.

To make a contribution of stock, securities, or mutual funds, contact Jennifer Clarke at or Michael Williams at Please include your name and contact information, the name of your brokerage firm, and the name of the stock and the number of shares you are planning to donate. After notifying us of your impending gift, you will receive instructions for your broker to transfer your contribution to the NFA’s account.

Your contribution’s value will be calculated from the average selling price on the date your contribution is completed (the date it is transferred into the NFA’s account).

A donor advised fund (DAF), which is like a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to the National Flute Association and other qualified charities. You can recommend a grant or recurring grants now to make an immediate impact or use your fund as a tool for future charitable gifts.

You can also create a lasting legacy by naming the National Flute Association the beneficiary of the entire account or a percentage of the fund. With a percentage, you can create a family legacy of giving by naming your loved ones as your successor to continue recommending grants to charitable organizations. Contact your fund administrator for a beneficiary form.

  1. Evaluate a sponsoring organization to make sure it supports your interests, values and the type of asset you are considering as a funding source.
  2. Get to know the organization's policies and procedures-from minimum contributions to administrative fees. Each organization handles these details differently.
  3. Contact Development Manager, Michael Williams, at 720-815-5597 or for additional information on appreciated securities. 
  4. Seek the advice of your financial or legal advisor.
  5. If you include the National Flute Association in your plans, please use our legal name and federal tax ID.

Legal name: National Flute Association

Legal address: 70 E. Lake Street, Chicago, IL 60601

Federal tax ID number: 23-7306996

A beneficiary designation is one of the simplest ways to make a gift to the National Flute Association. It's literally as easy as filling out a form. You can specify the individuals and charities you want to support and you can also specify the percentage of the assets you want each beneficiary to receive.

Beneficiary designations are available when giving the following assets: 

Retirement Assets
An alternative to a bequest gift is to designate the NFA as the beneficiary of your retirement assets. This gift is simple because you can control the transfer of these assets at your death without changing your will or living trust. All you need to do is request (and complete) a new beneficiary designation form from your plan administrator. There is no need to modify your will or living trust.

Life Insurance
Life Insurance policies can also be used to make a gift to the NFA. Complete and return to the insurance company a form designating that the NFA receives all or a portion of the death benefit associated with your life insurance policy. As an alternative to naming the NFA as the beneficiary, you can transfer ownership of the policy. Transferring ownership results in an immediate income tax charitable deduction and potential income tax savings in the year of the gift.

Other Assets
Commercial Annuity Contracts - a commercial annuity will sometimes have a remaining value at the end of the annuitant’s lifetime. You can name the NFA to receive all or part of this amount by designating it as a beneficiary (sole or partial) on the appropriate form from the insurance company.

Bank Accounts - you can instruct your bank to pay the NFA all or a portion of what remains in a checking or savings account. Your bank can provide you with the appropriate beneficiary designation form.

Investment Accounts - you can instruct your investment company to transfer to the NFA some or all investments held in the account at the time of your passing. Your broker or agent can let you know the process for doing this – it may be as simple as adding “T.O.D. to the NFA” after your name on the account.