Healing • Growth • Interconnection • Community • Affordability
As we approach the end of this incredible year, we would like to provide some helpful information to those aged 70 1/2 and up, as you may qualify to save on taxes by giving to Shadowcliff!
Beginning at 70 ½, if you have an IRA you must withdraw a Required Minimum Distribution (RMD) annually. However, 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.
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.
Please register in advance here: