Shadowcliff Opens for the Season on Memorial Day. Now Taking Reservations!
Our apologies! Our communication on November 6th stated that withdraw of RMDs are required. However, this requirement has been suspended for 2020:
Required Minimum Distributions (RMDs) are now suspended for 2020 for everyone with IRAs and 401(k)-type accounts (but not defined benefit plans) as a result of the Coronavirus Aid, Relief, and Economic Security (CARES) Act that became law March 27, 2020. 
Normally, beginning at 70 ½, if you have an IRA you must withdraw a Required Minimum Distribution (RMD) annually.  This is not a requirement for 2020.
However, if you choose to make a withdrawal, that income is not taxed if you contribute it to a qualified charity such as Shadowcliff. This Qualified Charitable Distribution (QCD) is a direct transfer of funds from your IRA to the qualified charity. It enables you to support Shadowcliff with your gift and enjoy a significant tax break, even if you take a standard deduction.
For more information on the advantages of a QCD, click here for more information and consult your tax advisor.
And another wonderful resource, Shadowcliff friend, Lina Stein is offering a webinar this month. Here's a link to her website.
 Choosing the Right Charities with the Right Tools
November 18 at 12:00 MST
I am excited to share with you that I am hosting a 45-minute webinar on November 18, 2020 at 12:00 MST where I will discuss the basics on how nonprofit funding works, tips on how to vet nonprofits, and the differences in making gifts direct to charity, through a donor-advised fund, through a community foundation, or through a private foundation.
I will also be discussing changes the SECURE Act made to inherited IRAs and how charitable techniques may help offset the tax implications.