Foundations

MAC FOUNDATIONS CORNER Leaving a Legacy

HAVE YOU TAKEN YOUR “RMDs” YET FOR 2022?

Anyone 72 years of age or older is required to take a Required Minimum Distribution (RMD) from their tax-deferred accounts (IRA and 401k) by Dec. 31, 2022, and pay taxes on the distribution.

BUT THERE IS A WAY TO AVOID PAYING TAXES!

You can make a Qualified Charitable Distribution (QCD) from your IRAs to your favorite charities and avoid taxation.

The MAC Sports Foundation is a 501(c)(3) entity and is eligible to receive Qualified Charitable Distributions!

Why not decide right now to save taxes this year and help the MAC Sports Foundation or the Charitable Society for Children at the same time?

A QCD is an excellent tax-saving vehicle, but there are rules to be followed and pitfalls to be avoided.

To find out more about Qualified Charitable Distributions and other giving opportunities, please contact:

LARRY ABSHEER (“LA”)

Director of Advancement 314-604-3890 or labsheer@mac-stl.org

We appreciate your generosity ... it matters!