If you meet certain guidelines, you may use your IRA to make a Qualified Charitable Distribution (QCD) to The Food Group. QCDs can be counted toward satisfying your required minimum distributions (RMDs) for the year, as long as certain rules are met.
The Pension Protection Act of 2006 (PPA) permitted individuals to roll over up to $100,000 from an individual retirement account (IRA) directly to a qualifying charity without recognizing the assets transferred to the qualifying charity as income. On December 18, 2015 the President signed the PATH Act making this special provision permanent. (source: Council on Foundations www.cof.org)
Contact your IRA plan administrator to make the gift. If you have any questions, contact Gay Gonnerman. Thank you!
The Food Group is a tax exempt non-profit organization under IRS code 501 (c)(3), EIN #41-1246504.