A QCD allows IRA owners who are 70.5 years or older to direct distributions up to $100,000 per year to charity and avoid taxation - without the need for a tax deduction or itemized return. You can also satisfy all or part of your Required Minimum Distribution with a QCD gift. While there was a CARES Act reprieve in 2020, RMDs are back as of 2021.
Many people own securities that have significantly increased in value. There is a double tax benefit when you donate securities you've owned for more than one year - you avoid the capital gains tax that you would have owed if you sold them, and you may claim an income tax charitable deduction for the share price.
What better way is there to support the J than by adding more members to our community?
Become a member of our annual campaign and help us make lasting change in the Pioneer Valley.
See below for more information on our current funds.