Make an Impact through IRA Qualified Charitable Distributions
Are you looking to support the School of Imagination and benefit from tax advantages? Consider donating through a Qualified Charitable Distribution (QCD) from your IRA.
A QCD is a direct transfer of up to $100,000 from your IRA to the School of Imagination. Available to individuals over 70 ½, a QCD fulfills the required minimum distributions (RMDs) for the year.
Ordinarily, IRA distributions count as taxable income. However, QCDs are excluded from taxable income. This can lower your taxable income, reducing the impact on tax credits and deductions, including Social Security and Medicare.
Note: This is not tax advice. Consult your tax or financial advisor to understand QCD implications.
Make an impact. Donate through a QCD and support the School of Imagination today!