Did you know: Germanna Supporters who have reached the age of 70 1/2 years can contribute to Germanna from their IRA? The contribution is known as a “Qualified Charitable Deduction” and is made directly from the IRA administrator to Germanna.
The donation counts towards your annual required distribution and will not increase your taxable income. If you qualify, it is a powerful way to save on taxes and support Germanna.
For details on how to accomplish this, contact your IRA administrator.
If you chose to contribute in this way for 2018, the time to act is NOW, as some paperwork must be completed, and the funds must be sent to Germanna from your administrator before 31 December.
If you have already taken your full required minimum distribution, please consider this for your 2019 gift to Germanna.
For more information about IRAs, watch this Morningstar video: Retirees: Make the Most of Your Charitable Giving
If you’re not over the age of 70, but know someone who is, please spread the word by sharing this information with them.
Thank you so much for your continued support for Germanna’s mission!