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Make a Difference with Your IRA
As we navigate through challenging times, the importance of community support has never been clearer – or more necessary. One way you can make a big difference is by making a Qualified Charitable Distribution (QCD) from your Individual Retirement Account (IRA) to Nourish. Here’s why this is a win-win for everyone involved.
What is a Qualified Charitable Distribution?
A QCD allows individuals aged 70½ or older to give up to $100,000 per year directly from their IRA to a qualified charity, such as Nourish, a 501 (c)(3) charitable organization. This distribution counts towards your required minimum distribution (RMD) but is not included in your taxable income.
Benefits of Making a QCD
Tax Advantages: By making a QCD, you can reduce your taxable income, which may lower your overall tax bill. This is particularly beneficial if you do not itemize deductions on your tax return.
Meeting RMD Requirements: For those required to take RMDs, a QCD can satisfy this requirement without increasing your taxable income.
Supporting a Vital Cause: Nourish plays a crucial role in providing nutritious food to those in need. Your donation can help ensure that no one in our community goes hungry.
How to Make a QCD
Contact Your IRA Custodian: Inform your IRA custodian that you wish to make a QCD. They will provide the necessary forms and instructions.
Choose Your Charity: Nourish Pierce County 1702 S 72nd St, Suite E, Tacoma, WA 98408 TIN 91-1198391
Complete the Transfer: Your IRA custodian will transfer the funds directly to Nourish. Be sure to keep records of the transaction for your tax return.
Why Support Nourish?
Nourish food banks are lifelines for many families, providing essential nutrition and support. By directing your QCD to Nourish, you are directly contributing to the well-being of your community. Your generosity can help stock shelves, support food distribution efforts, and provide meals to those who need them most.
Take Action Today
Consider making a QCD from your IRA to Nourish. It’s a simple yet powerful way to make a significant impact. For more information, consult with your financial advisor or IRA custodian.
Together, we can ensure that everyone in our community has access to the food they need. Thank you for your generosity and support!
For further information or if you have questions, please don’t hesitate to reach out to Marion Sharp at (253) 383-3164 extension 109 or development@nourishpc.org.
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