Would you like the opportunity to support the AMA Foundation without any out-of-pocket costs, all while saving on your taxes? If you are 70.5 or older, you may also be interested in a way to lower the income and taxes from your IRA withdrawals.
Benefits of a Qualified Charitable Distribution:
- Avoid taxes on transfers of up to $100,000 from your IRA to the AMA Foundation
- Satisfy your required minimum distribution (RMD) for the year
- Reduce your taxable income, even if you do not itemize deductions
- Make a gift that is not subject to the deduction limits on charitable gifts
- Help further the work and mission of the AMA Foundation
How to make a Qualified Charitable Distribution gift:
- Utilize FreeWill, a safe and secure online platform, to help donate directly from your IRA for tax benefits and higher charitable impact, quickly and easily.
- Contact your IRA plan administrator to make a gift from your IRA to the AMA Foundation.
