Gifts made from your individual retirement account (IRA) directly to CVNM Education Fund can allow you to make a significant contribution while avoiding a tax liability.
People who are age 70 ½ or older can contribute up to $100,000 from their IRA directly to a charity and avoid paying income taxes on the distribution. This is known as a qualified charitable distribution (QCD). In order to benefit from the tax advantage of satisfying all or some of your Required Minimum Distribution through a QCD, the gift must be issued directly from your IRA custodian to CVNMEF.
If you have questions, please contact Liz Lee, Director of Philanthropy, at firstname.lastname@example.org or (505) 920-0786.