Did you know that you might be eligible to make a tax-free donation directly to ServeMinnesota from your individual retirement account (IRA)?
This tax-saving way to help allows for anyone age 70 ½ or older to make qualified charitable distributions (or QCDs) to give up to $100,000 a year from their IRAs without counting it as taxable income, according to this recent article in the Chronicle of Philanthropy. Do you want to learn more about how donors can make gifts from IRAs? Here is a round-up of helpful articles to address how to do it, how to make a direct transfer, tax implications and more:
How to Donate your IRA Required Minimum Distribution to Charity – U.S. News (Feb. 12, 2019)
Donating to Charity Using Money from Your IRA – Investopedia (Nov. 2019)
How to Ensure Your IRA Donation to Charity is Tax-Free (Kipplingers 2017)
Would you like to learn about other ways to give? Visit our website to learn more.
