Details
The Korea Society
Qualified Charitable Distribution (QCD) Instructions

Donors who are age 70½ or older may instruct their IRA custodian to make a Qualified Charitable Distribution (QCD) directly to The Korea Society.

A QCD may count toward a donor's Required Minimum Distribution (RMD) and, when IRS requirements are met, is generally excluded from the donor's taxable income.

 
Organization Information

Please provide the following legal information to your IRA custodian to facilitate your contribution.

Legal Name
The Korea Society
Federal Tax ID (EIN)
52-1714111
Mailing Address
350 Madison Avenue, 24th Floor
New York, NY 10017
Transfer Instructions

By Check

Please make your check payable to The Korea Society, Inc. and mail it to:

The Korea Society, Inc.
350 Madison Avenue, 24th Floor
New York, NY 10017

ACH / Wire Transfer

For direct transfers from your financial institution, please contact us and we will be happy to provide our banking information.

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Important Tax Information for QCDs

To comply with IRS requirements for Qualified Charitable Distributions:

No Goods or Services

A QCD must be a 100% charitable contribution. No goods or services—including Gala tickets, meals, admission, or other benefits—may be provided in exchange for the contribution.

Gala Contributions

If your QCD is intended to support The Korea Society's Annual Gala, the contribution will be recorded as a pure charitable donation rather than a ticket or sponsorship purchase so that no goods or services are provided in return.

Acknowledgment

Once the contribution is received, The Korea Society will provide a written acknowledgment confirming the amount of the contribution and that no goods or services were provided in exchange.

Please Notify Us of Your Contribution
Tell us about your QCD so we can acknowledge it properly

To help us identify and properly acknowledge your QCD, please contact us when initiating the transfer.

Helen Cho
Financial Controller, The Korea Society
350 Madison Avenue, 24th Floor, New York, NY 10017
Phone: (212) 759-7524
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Please consult your IRA custodian, tax advisor, or financial advisor regarding your individual eligibility for a Qualified Charitable Distribution and its tax treatment.