IRA Donations

A frequent question Fisher House Foundation receives this time of year comes from donors who wish to make a Qualified Charitable Distribution (QCD) from an Individual Retirement Account (IRA)

Starting at age 72, the IRS requires owners to withdraw from their IRA accounts each year. These withdrawals are known as Required Minimum Distributions (RMDs). The IRS imposes a fine, equivalent to half of the RMD, for failing to withdraw minimum distributions. Due to this requirement, giving from an IRA has become one of the most tax-efficient ways for individuals to donate.

The deadline for QCDs is Dec. 31 for that calendar year. To begin the process and to receive instruction on how to proceed, please contact your IRA custodian. Should you initiate a QCD for Fisher House Foundation, please contact us by calling, emailing, or writing to ensure you receive the proper IRS documentation. Remind your financial institution to include your name and mailing address on the check or in an enclosed letter and clarify that the donation is a QCD.

VIRGINIA

FORT BELVOIR COMMUNITY HOSPITAL Fort Belvoir

Throughout the global health crisis, the Fort Belvoir community has found ways to support our home. We’ve been answering the door to find donations on the front porch and a familiar face waving from the end of the driveway. Crochet blankets, weekly drop offs from Amazon and local retailers, boxes filled with toilet paper, paper towels, hand soap, laundry soap, disinfectant, and other basic needs. Local restaurants deliver box lunches with invoices marked donation/paid in full.

The Fort Belvoir community is filled with active and retired service members of every military service and every walk of life. Our home is truly grateful to all of our friends and neighbors that consistently choose to love our home and our mission as much as we do.

NAVAL MEDICAL CENTER PORTSMOUTH Portsmouth

Members of the Unit Deployment Cell of Naval Medical Center Portsmouth were the first interior/exterior support volunteers to grace the Fisher House Portsmouth in over a year due to the pandemic. They are a team that makes sure that deploying members are prepared to deploy. The organizer of the volunteer event, Shadia Everett, expressed how they wanted to help an organization that not only cares for the active-duty member but also those left behind on the home front! They unanimously selected Fisher House Portsmouth. They reported full of smiles, excited and tenaciously ready to make a difference. Their presence was as if a wind of hope, relief, and newness blew in with them. Thank you all for the support given. The Fisher House Portsmouth hearts you!!! Pictured are Chad Hunter, Rodney Shelley, Seth Barrow, Shadia Everett, Ashley Verchick, and Miko Vogel.