Tax-Wise Giving with Your IRA Required Minimum Distribution
This year those age 70 ½ and older may want to consider making a meaningful, tax-efficient gift to the Valley of the Moon Observatory Association using funds from their traditional or Roth IRA. With this way of giving you can:
- Make tax-free gifts each year from your IRA withdrawals by having a portion transferred directly to RFO (up to $100,000 per year for an individual; $200,000 per couple with separate IRAs).
- Use your Required Minimum Distribution for you gift to avoid taxes on the transfer of funds.
- Avoid increasing your adjusted gross income and potentially subjecting your Social Security income to a higher tax level by giving directly from your IRA.
- Provide a generous gift to RFO.
Please contact Chris Cable, Executive Director, if we can provide more information to you or your advisors. He can be reached by email at ccable at rfo.org or 707-319-6210.
Your donation is tax deductible! RFO is a 501(c)(3) nonprofit. Tax ID 47-0877393