Did you know it is possible to make a gift to The Garden with an IRA distribution tax-free? We have several donors who do just that, as it’s a smart way to help satisfy their minimum distribution (RMD requirements) without paying income tax on that distribution.

There are some rules and limitations to consider. The donor needs to be at least 70 ½ years old and the donation must be made directly to a qualified charity from the IRA. The benefits include lowering one's adjusted gross income and fulfilling philanthropic goals, without taking money out one's day to day checking, savings, or credit card accounts.

Charitable giving from an IRA can be a smart and generous way of using retirement savings to make a positive impact in the world. However, it is important to consult with a tax professional and a financial planner before making any decisions, as each situation may vary.

If you qualify, we hope you consider The Garden if you elect to use your IRA distribution in this manner! To read more about the requirements, click here.