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Tax-Wise Giving from Your IRA
If you’re age 70.5 or older and have an IRA, you can make a gift to LVC and save on taxes— even if you don’t itemize.
It’s called a Qualified Charitable Distribution (QCD), and it’s fairly simple to do.
• Instruct your IRA administrator to make a distribution from the IRA directly to LVC. We’ll direct your gift to whichever College priority you choose.
• Gifts of up to $100,000 are eligible.
• You do not claim it as income for tax purposes since the distribution comes directly to The Valley.
• And the Required Minimum Distribution (RMD) returns in 2021. A QCD gift will count toward your RMD (if you have one this year).
For many donors, a QCD is the most tax-advantaged way to support LVC students because it’s a gift made from pre-tax assets.
