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2020 Giving Considerations
We are all rethinking our charitable giving as unexpected needs arise and our priorities change. We are most grateful to those of you who continue to include our organization in your charitable donations. All deductible donations will be promptly acknowledged and gratefully received. Your gifts help fund our operations and special projects. Donate now.
CARES Act of 2020
The IRS has waived required minimum distributions (RMDs) from retirement accounts. For those of you who traditionally take your RMD each year, here are some considerations:
We are all rethinking our charitable giving as unexpected needs arise and our priorities change. We are most grateful to those of you who continue to include our organization in your charitable donations. All deductible donations will be promptly acknowledged and gratefully received. Your gifts help fund our operations and special projects. Donate now.
CARES Act of 2020
The IRS has waived required minimum distributions (RMDs) from retirement accounts. For those of you who traditionally take your RMD each year, here are some considerations:
- If you need your RMD to help cover daily living expenses, you should continue to take all or a portion of the distribution.
- If your tax bracket will be higher in the future, you should consider taking all or part of your distribution this year, as this will save you money in the long run.
- If you make annual charitable distributions, you are still permitted to do so. These distributions paid directly to a charitable organization are not taxable to you