How it works...
If you are over 70½ years old and have required minimum distributions from a traditional IRA, you can gain tax breaks by lowering your taxable IRA payout as well as your adjusted gross income with a qualified charitable distribution. When donations are made directly from the IRA to a charitable organization, they count as required distributions and you are not taxed on the distribution.
To speak to our Development Director, contact Daniel Ryan at [email protected]