RMDs -- Required Minimum Distributions
You may want to consider donating appreciated securities to Duchesne. Doing so will save taxes on capital gains and allow you to share 100% of your gifted amount with Duchesne. If you are age 72 or older, IRS rules require you to take required minimum distributions (RMDs) each year from your tax-deferred retirement accounts. Amounts distributed as qualified charity distributions (QCDs) can be counted toward satisfying your RMD for the year (up to $100,000) and are excluded from your taxable income. Please consult your tax advisor. Thank you for your consideration.