Are you 70½ or older and own an Individual Retirement Account (IRA)? Would you like to support SpiriTrust Lutheran®? If so, you may want to consider making a Qualified Charitable Distribution (QCD) from your IRA to SpiriTrust Lutheran.
When you make a QCD gift, doing so counts toward satisfying all or part of your Required Minimum Distribution (RMD) for the year, not to mention reducing your taxable income, and making a difference in the lives of others.
How it works:
- You must be at least 70½ years old
- Your gift from your IRA must transfer directly from your IRA provider to SpiriTrust Lutheran
- For calendar year 2024, you may donate up to $105,000 from your IRA
You can support the SpiriTrust Lutheran community, while receiving 2024 tax benefits!
The information provided in this article does not, and is not intended to, constitute legal advice; the content is for general informational purposes only. Readers should contact their attorney to obtain advice with respect to any particular legal matter.
Please contact Tiffany Glatfelter, VP of Philanthropy, at 717.854.3256 or [email protected] , or complete our online contact form for more information on how you can make an impact.
The information for this article was provided by Thomas M. Shorb, Esq., chair of the Stock and Leader Estate Practice Group and chair of the SpiriTrust Lutheran® Foundation Board of Trustees.