Trustees and Friends,
This is a friendly reminder that “Taxpayers aged 70 ½ and over may donate up to $100,000 each year from their IRA to qualified nonprofits. This donation can include the RMD amount. Donating the RMD money (or more) to charity keeps it out of your taxable adjusted gross income. Giving money from your IRA to charity is called a Qualified Charitable Distribution, or QCD. It’s a tax strategy you should consider, especially if you already make charitable donations each year.”
If you, or anyone you know, is over age 70 ½ and still must make your mandatory RMD (required minimum distribution) from your IRA, you may direct the IRA to send the RMD directly to charity (hint – USA-WWF) and keep the RMD out of your taxable adjusted gross income. Our Foundation is always looking for donations to support our mission to “honor the achievements of our sports’ outstanding participants and support promising young athletes.” No amount is too small. Please help us spread the word about donating IRA RMDs directly to the Foundation. Please forward this email along to friends and family who may be interested!
Donations should be sent to:
USA-WWF TREASURER
6039 Cypress Gardens Blvd, #481
Winter Haven, FL 33884.
Best,
Brenda Nichols Tate
USA-WWF, Secretary
