“Are you qualified to receive Required Minimum Distributions (RMDs) from Individual Retirement Accounts (IRAs) as charitable donations?” One of our faithful supporters asked me when I was contacted by them the other day.
“Yes, we are,” I replied. “We recommend you seek the help of your tax advisor in making your decision. If you decide to give to SIU, we are a qualified 501(c)(3) and can receive your charitable donation. We will put your gift to good use based on where you would like it go.”