Dear Friends of ChildrenUP
We have a WIN WIN idea for our senior-citizen supporters to consider:
Are you 70 ½ years or older? Then you know you are required to take the required minimum distribution from your retirement IRA funds each year. This money is taxable income.
Have you heard about Qualified Charitable Distribution (QCD)? Some
of our supporters have begun using QCD (qualified charitable distribution) which allows them to give a of portion of the minimum distribution directly to ChildrenUP. The QCD is NOT considered taxable income.
WIN WIN!
YOU WIN by not increasing your income for tax purposes when you share some of your minimum distribution as a QCD (qualified charitable distribution) with ChildrenUP.
ChildrenUP WINS by gaining funds to support more students in their education.
Contact us for further information at childrenup@gmail.com
Your financial advisor has the forms you will need to move the money directly from your IRA to ChildrenUP.
The UP Blog for ChildrenUP 