A pre-tax donation made directly to a charity like KNOM from an IRA or other retirement plan can count toward the annual Required Minimum Distribution for folks 70 1/2 years old or older.
This direct transfer to a charity is called a “Qualified Charitable Distribution”. This option could help reduce taxable income.
With strong performance of investment markets, it also may be advantageous to make gifts of appreciated stock to charity.
Check with your tax advisor, broker, or IRA administrator for more information about making this kind of gift to KNOM.
You can also contact Development Director Lynette Schmidt; reach her at 907-868-1200 or business@knom.org.
