If you are 70½ years or older, you have the opportunity to make a tax-free charitable contribution of up to $100,000 per year directly from your Individual Retirement Account (IRA) to German Centre. This type of contribution, known as a Qualified Charitable Distribution (QCD), not only satisfies your required minimum distribution (RMD) but also allows you to make a meaningful impact on our community without increasing your taxable income.
By choosing to make a direct transfer, you can support the seniors we care for while potentially reducing your tax liability. For more information or assistance with initiating a transfer, please contact our Foundation staff. We are here to guide you through the process and ensure that your generous support reaches German Centre.