Have you heard of qualified charitable distributions (QCD)? Taking advantage of a QCD from a qualifying IRA can reduce your taxable income, save you money and help the pro-life cause.
You can donate to Oregon Right to Life Education Foundation (ORTLEF) through a QCD providing essential funding for our programs. However, as with anything related to taxes, you have to follow some rules.
• You must be age 70 ½ or older
• The distribution must be made to a qualified 501(c)(3) charity
• The distribution must be made directly from the account custodian
If you choose to give in this way, ORTLEF has a process in place to provide the required documents for your records.
We always recommend you consult with your tax professional, and the custodian of your IRA can also provide helpful guidance. For most retirement-age Oregonians, this is an simple way to effectively manage your savings and financially advance the pro-life cause.