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A recent donor was able to avoid including his RMD in 2013 taxable income by directing his IRA custodian to issue a check directly to Unity Foundation. His generous contribution was designated to a charitable organization in which he had a special interest. He was able to convert tax dollars to funds that will benefit our community forever! That’s not magic—it’s smart planning.
A recent donor was able to avoid including his RMD in 2013 taxable income by directing his IRA custodian to issue a check directly to Unity Foundation. His generous contribution was designated to a charitable organization in which he had a special interest. He was able to convert tax dollars to funds that will benefit our community forever! That’s not magic—it’s smart planning.
The American Taxpayer Relief Act of 2012 (H.R. 8) extended the IRA charitable rollover through December 31, 2013. The provision permits tax-free distributions to any eligible charity from an IRA held by someone age 70½ or older of up to $100,000 per taxpayer. This contribution qualifies for the Required Minimum Distribution (RMD). How many of your clients can this help? The end of the year is fast approaching.
If you or your clients would like assistance, please feel free to contact Maggi or Warren at 219-879-0327.
LA PORTE COUNTY, IN — Unity Foundation of La Porte County is pleased to recognize 10 local high school seniors as La Porte County finalists for the prestigious Lilly Endowment Community Scholarship. Two of the finalists will be selected as 2025 Lilly Endowment Community Scholars. The two scholars will each receive a full-tuition scholarship to […]
LA PORTE, IN — During Unity’s Annual Celebration on October 2, Unity Foundation staff and board members gave an update on the Foundation’s work over the past year, unveiled their 2023-2024 Annual Report to the Community and announced $210,000 in Power for Good Community Grants. Unity Foundation President Maggi Spartz spoke on the history of […]
