If you have to take a RMD (Required Minimum Distribution) consider the following:
A QCD (Qualified Charitable Distribution) may allow you to make a tax free distribution that qualifies as all or part of your RMD (Required Minimum Distribution).
If you have your financial institution send you QCD to Prince of Peace you can specify what you want it to go for.
Possible choices are:
This Calendar Year Pledge
Next Calendar Year Pledge
Tanzania Scholarships
Camp Wapo
Pastor’s Discretionary Fund
Every Meal – Roseville Area Schools
Our Local Food Shelf – Keystone
Habitat for Humanity
Angel Fund at Keystone
If you would like to talk with someone who has done this in the past reach out to James Ericksen.
Consult with your tax advisor to determine if a QCD is right for you.
The following information on QCD’s is copied from the irs.gov web site:
