Qualified Charitable Distribution
A tax-smart way to donate!
Donors who are 73 years old or older and hold an Individual Retirement Account (IRA) must take required minimum distributions (RMDs) each year. In order to avoid this additional taxable income, you can instead donate those funds - up to $100,000 - to charity. This fulfills your required minimum distribution and avoids additional income taxes.
To donate your RMD to the ACWL-Nuveen, speak with your IRA custodian. You will likely need our address - 106 E. Colby St. Whitehall, MI 49461, and our EIN - 38-2614596.
If you have any questions or need more information, please call us at (231) 893-2524
Learn more making a Qualified Charitable Distribution here: https://www.fidelitycharitable.org/guidance/philanthropy/qualified-charitable-distribution.html