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.”