Charitable gifts from IRAs a great giving strategy

By Fiona Divecha
Manager, Resident Life & Philanthropy

With new tax laws in place for 2018, many retirees are wondering what impact they will have on their taxes.  Recent tax law changes did not affect giving a qualified charitable distribution from your

Individual Retirement Account (IRA).  A qualified charitable distribution (QCD) can help minimize your taxes.  Any QCD counts toward your required minimum distribution (RMD) requirement and reduces the taxable amount of your IRA distribution. This lowers both your adjusted gross income and taxable income.

We appreciate every gift to the Benevolent Care Fund that makes it possible for us to meet the need in 2018.  We expect to spend close to $700,000 this year to care for the 9 residents who need our help.

To make a qualified charitable distribution ask your IRA custodian to make a gift directly to the Benevolent Care Fund.  Please consult with your own financial advisor to see how a qualified charitable distribution from your IRA can benefit you.  For more information, please contact Fiona Divecha in the philanthropy department at 301-572-8396 or

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