1 minute read
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.
You do not claim it as income for tax purposes since the distribution comes directly toThe Valley.
And the Required MinimumDistribution (RMD) returns in 2021. A QCD gift will count toward your RMD (if you have one this year).