A Tax-Saving Way to Help Five Acres
If you are over the age of 70 ½ and have an Individual Retirement Account (IRA), then a gift from your account may provide the most significant tax savings of any charitable contribution.
A Special Opportunity for Those 70½ Years Old and Older to Help Five Acres
You can give up to $100,000 per year from your IRA. The gift must go directly to a qualified charity such as Five Acres without having to pay income taxes on the money. Gifts of any value of $100,000 or less are eligible for this benefit and you can feel good knowing that you are making a significant impact. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.
Make a difference today by helping the children and families served by Five Acres and save on taxes. It’s possible when you support Five Acres through your IRA.
Special Note: Please note while you are eligible to make this gift starting at 70 ½, the required minimum distribution (RMD) from your IRA is again in force for 2021 for individuals aged 72 and older. Please consult with your tax adviser and consider supporting Five Acres today!