Foundation News

The AMA Foundation has made it easier for your club to apply for and receive grant funds!

“I’ve been a longtime member of the AMA. My father and I joined in the late ’70s."

The following is a recent statement sent out by Amazon: 

“In 2013, we launched AmazonSmile to make it easier for customers to support their favorite charities. However, after almost a decade, the program has not grown to create the impact that we had originally hoped. With so many eligible organizations – more than 1 million globally – our ability to have an impact was often spread too thin. 

As the year is coming to an end, we want to talk to you about IRAs and the long-term impact that you can make on the model aeronautics community. RMDs (Required Minimum Distributions) are withdrawals that individuals with IRAs are required to take each year after the age of 72? (70 ½ if you reach 70 ½ before January 1, 2020) Typically, not taking your RMD, or taking less than required, can result in a 50% tax penalty.