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Make a Gift Through Your IRA
Did you know that your IRA and Required Mini
mum Distribution (RMD) could help NECC provide programs to our community?
Whatâs an RMD?
This is taxable money you must withdraw each year from retirement accounts like IRAs once you reach age 72 (73 if you turned 72 in or after 2023).
Why Should I Donate My RMD?
If you have an RMD on your own account or an inherited account and you do not need the funds, donating to the NECC is a fantastic option that helps support our programs!
Your required withdrawal will be included in your taxable income and cannot be rolled into other tax-deferred accounts. However, donating your RMD is a qualified charitable distribution (QCD).
Tax benefits aside, earmarking this income for charity is a great way to begin or expand your giving portfolio to support the causes you care about.
Click here to learn more about forecasting your distribution.
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