IRA Distributions
If you are over 70 ½, you are required to take distributions from your IRA. Instead of creating a taxable event for yourself, make the distribution a charitable gift using all or a portion of your mandatory withdrawal amount.
As long as the distribution is paid directly to Holy Family Ministries from your IRA administrator, the amount will not be counted in your taxable income for the year, which may result in tax savings for you! Please consult your professional advisor for details.