Donating Your Required Minimum Distribution
If you are wondering what you can do with your Required Minimum Distribution, we have a solution! Please consider donating directly to our Bell Tower Fund or the Church General Fund. Individuals who are 70-1/2 or older, may instead of taking the full amount of your required minimum distribution from a taxable IRA, are allowed to directly donate up to $100,000 total to one or more qualified charities as a qualified charitable distribution (QCD). This may also result in an additional tax savings.
For more information, contact your accountant or financial advisor.