Is your IRA in full bloom?
Do something great (and tax-smart)!
If you’re 72 (or better) you must take a required minimum distribution (RMD)from your IRA. This extra income may affect your adjusted gross income (AGI) and put you in a higher tax bracket, too. Consider making a direct donation from your IRA to the Floral Endowment, an eligible nonprofit organization. This type of gift is called a Qualified Charitable Distribution (QCD).
How to make a Qualified Charitable Distribution to American Floral Endowment:
- You may be able to make your QCD gift online. Visit your retirement plan provider’s website to see if this is an option.
- If your account has check-writing privileges, you may write a check directly to “American Floral Endowment” and mail it to the address below.
- Some brokerage may have a required IRA distribution form, so it is important to check with your plan provider if you cannot make the gift online or with a check.
- If you are considering this type of gift, or have already made one, please contact Debi Chedester (her information is below).
*Important: Your QCD must be made by the end of the year to satisfy your Required Minimum Distribution.
Learn about other ways to give that will help the floral industry blossom here.
Is AFE named in your will or other estate plans? Learn more about our Legacy Circle
Debi Chedester 703 838 5211. dchedester@afeendowment.org
American Floral Endowment
610 Madison Street, Ste 101, PMB 803
Alexandria, VA 22314
AFE Tax ID: 23-6268380
This information is for informational purposes and is not legal advice. Please consult your professional advisors before making decisions about charitable gifts.
