By Fiona Divecha
Manager, Resident Life and Philanthropy
One of the best ways to give to the Benevolent Care Fund is to request a qualified charitable distribution (QCD) from your Individual Retirement Account (IRA). Any QCD counts towards 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 2019. We expect to spend close to $750,000 this year to care for the 6 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. You will need to give your IRA administrator the following information:
Organization Name: Riderwood Village, Inc.
Fund Designation: Benevolent Care Fund
Address: 3110 Gracefield Road,
Silver Spring MD, 20904
EIN (tax ID): 52-2126753
For more information, please contact Fiona Divecha in the philanthropy department at
301-572-8396 or firstname.lastname@example.org.