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Support Disaster Relief Efforts through Your IRA Required Minimum Distribution
When the tornadoes struck Greater Dayton on May 27, 2019, many Dayton Foundation donors and individuals in the community reached out to the Foundation to see how they could help those affected by the devastating storms. One of the ways you can support tornado recovery efforts is by directing your required minimum distribution (RMD) from your traditional IRA to a Field-of-Interest Fund established by The Dayton Foundation to accept donations for short- and long-term relief, recovery and rebuilding efforts.
Individuals over the age of 70 1/2, who must take an RMD may transfer up to $100,000 to a 501(c)(3) public charity and not have it show as income for tax purposes. A married couple with two separate IRAs may take up to $200,000 tax free over the same period of time.
If you are interested in using your IRA Rollover assets to help The Dayton Foundation support important work happening in the community to help those affected by the Memorial Day tornadoes, please contact The Dayton Foundation's Development staff at (937) 222-0410.
For more information on how The Dayton Foundation can help you make the most of your annual IRA required minimum distribution, click here.
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HERE TO HELP
“Have a question about awarding a grant from your fund or finding a charity that meets your charitable interests? We can help.”
– Deanna Zikias, director, Donor Services, (937) 225-9926