Changes have been made recently to the Required Minimum Distribution (RMD) for an Individual Retirement Account (IRA). These changes have enhanced the tax advantages of making a Qualified Charitable Distribution (QCD). All or part of an RMD can be gifted to qualified charities and avoid taxation on the personal income generated from taking an RMD. There are age and handling requirements that must be addressed by the donor. Please consider exploring this gifting opportunity with your financial and tax advisor.
For information on QCDs and RMDs, click HERE.
Ask the financial institution that holds your IRA account to send funds directly to:
ARCS Foundation, Inc.
PO Box 2649
LaGrange, GA 30241