If you’re over age 70.5, you’re required to take a portion of your IRA (a Required Minimum Distribution) as taxable income every year.

Tax law allows you to gift up to $100,000 of your RMD directly to charity and exclude that amount from your taxable income. This Qualified Charitable Distribution and is a generous and effective way to give to Redeemer. If you advise your IRA administrator or financial advisor to direct your QCD to Redeemer, it reduces the taxable amount of your RMD by the amount of the gift.

If you have any questions or would like additional information, please contact Redeemer Business Manager John Walsworth at JWalsworth@RedeemerSarasota.org.

Thank you for your generosity!

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