DID YOU KNOW?
If you are 70 ½ or older and have a traditional Individual Retirement Account (IRA), you are eligible to make a gift from your IRA to Subud California. In many cases, these gifts are 100% tax-free and can help fulfill your Required Minimum Distribution (RMD), if you must take one, allowing you to support Subud California without increasing your taxable income.
TO QUALIFY You must be age 70 ½ or older at the time you make your gift Transfers must be made directly from a traditional or Roth IRA account Gifts must be outright with no material benefits received BENEFITS of QUALIFIED CHARITABLE DISTRIBUTIONS (QCD): Can total up to $100,000 per year Can be used to satisfy your required minimum withdrawal (RMD) May be excluded from gross income for federal income tax purposes PLEASE NOTE:
A QCD directly reduces your taxable income. It cannot be claimed as an itemized charitable deduction on your taxes.
So that we may accurately record your gift to Subud California and acknowledge you properly, please take the extra step of contacting us via email to let us know when your gift is on its way. This will augment the information provided by your financial institution and ensure smooth handling of your gift.
CONTACT US
For more information, please contact us at SubudCalFinance@gmail.com.
The information provided here is for educational purposes only and is not intended as legal or tax advice. Please consult an attorney or tax advisor before making a charitable gift.
THANK YOU for considering this option!
The Subud California Regional Committee 
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