IRA Charitable Distributions – A Great Way to Give
December 10, 2018 by Christine Moir
It’s that time of year again when many are thinking about ways to give to favorite charitable organizations. For donors who are 70 1/2 or older, a great way to give is by directing your IRA distribution to a non-profit like the Minneapolis Parks Foundation.
The IRA qualified charitable distribution is becoming a popular way to support your favorite causes. Minneapolis Park Board Commissioner Meg Forney, who turns 70 1/2 in 2019, is excited to transition her giving from a monthly recurring donation to this rewarding way to give.
“It was so easy, I spoke with my financial advisors and they recommended directing my IRA distributions directly to charity. Of course, I thought first of our amazing Minneapolis parks! For those of us who have to take distributions, it is a simple way to support our favorite causes while gaining some tax benefit and a meaningful opportunity for us ‘baby boomers’ to give back.”