Your Individual Retirement Account (IRA) was set up to help pay for living expenses during your retirement years. If you have withdrawn all you need, but have not reached your Required Minimum Distribution (RMD), consider gifting some of the remaining amount to the Council. If you are at least 70.5 years old, you have the opportunity to donate up to $100,000 from your IRA to qualifying charities tax-free. The gift must be made directly to the charity to receive the tax benefit.
Cathy gives to the Council through her IRA. “I like the tax advantages that come with giving this way,” she says. “I want to help others through my gift, because you never know when vision loss could happen to you.”
For people who are experiencing vision loss, your gift will go a long way in helping the Council meet their needs. Services may include an in-home vision rehabilitation visit, one-on-one assistive technology training, or provide recreational activities such as Birding by Ear.
Your IRA plan administrator can assist you in making a gift from your IRA to the Wisconsin Council of the Blind & Visually Impaired. Your contribution will be directly transferred to the Council to ensure instant impact.