Our Annual Christmas appeal will be in the mail soon! Did you know there are creative ways to support AMSSND - ways in which AMSSND, you, and your loved ones all benefit at the same time?
- Name AMSSND in your will or trust
- Designate and donate stocks and investment accounts
- Give through retirement plan assets: IRA, Donor Advised Funds, 401K and 403B
Tax Benefits of Charitable Giving Through Your IRA
QCDs: Qualified Charitable DistributionsIf you are 70½ or older, you can make a charitable gift directly to the School Sisters of Notre Dame Atlantic-Midwest Province without paying income tax on the withdrawal. And, the gift counts towards your annual required distribution! Here’s how it works: -The charitable distribution counts toward your minimum required distribution for the year. -The amount transferred is excluded from your adjusted gross income (AGI). -QCD gifts can only be made from IRAs To Qualify: -You must be 70½ or older at the time of the gift. -Transfers must be made directly from a traditional IRA by your IRA administrator.
Please contact our Development office for more information: 203.761.9732, ext 3207 or visit here.
State laws about charitable deductions and how QCDs are handled vary.Always consult your financial advisor.