Age 72+ with an IRA? You can now donate to GALDEF via your Required Minimum Distribution.
If you have an IRA account and are age 72 or better, the Required Minimum Distribution (RMD) rule likely applies to your account or an inherited account. This rule requires that a minimum amount be withdrawn from your account each year. If you do need all of the funds at this time, this rule provides an opportunity to designate part or all of your RMD as a Qualified Charitable Donation (QCD) to an eligible charity that you care about. To learn more, read this brief overview that explains Required Minimum Distributions and provides instructions on how to donate part or all of your RMD each year to GALDEF.
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