Qualified Charitable Distribution
If you are over 70 ½ years old and have a traditional Individual Retirement Account (IRA), making a Qualified Charitable Distribution (QCD) might be right for you! People who are making Required Minimum Distributions (RMD) from their traditional IRAs, who desire to make charitable gifts, may be able to do so and benefit Congregation Beth David at the same time, by making the distributions directly to Congregation Beth David from their IRA.
There are limits on the types and amounts of such distributions, as well as the organizations which may qualify to receive them. Accordingly, we strongly suggest that you discuss this with your tax advisor.