When you reach a certain age, the federal government requires you to withdraw or distribute a portion of your IRA investment and consequently pay taxes on the amount withdrawn. By using a Qualified Charitable Distribution (QCD) to support a qualified charity, those funds are transferred directly to that charitable organization, tax-free.
This year’s Give to Lincoln Day is Thursday, May 30. Join Lincoln’s One Big Day of Giving by using Qualified Charitable Distributions (QCDs) from your IRA to support your favorite registered nonprofits.
Here’s how…
Questions? Contact Rhonda Page at 402-474-2345 or rhondap@lcf.org.