Giving Through Your Retirement Account
Did you know you can make a charitable donation from your retirement account and lower your taxable income?
At age 70 ½, IRS regulations require individuals with qualified retirement accounts to begin taking Required Minimum Distributions (RMD) from their account. Did you know that by gifting this distribution directly to charity, you can lower your taxable income while making a difference in a ministry?
Want to donate part, or all, of your RMD to Warm Beach Camp? Contact Jeannie Patterson at firstname.lastname@example.org for more information, or ask your retirement advisor directly about donating your RMD to Warm Beach Camp. Tax ID: 91-1710210
In addition to your RMD, you can gift a larger portion of your qualified retirement account to Warm Beach Camp, up to $100,000 in a calendar year.
Be sure to consult your tax advisor with any questions.