The Giving Season and QCDs

Today is “Giving Tuesday” where we’re all encouraged to give generously to the charities, nonprofits, and organizations that make a difference in our lives. Now, more than ever, Giving Tuesday means a little something extra.

Your generosity has already made an incredible impact on the lives of young people — the very kids this foundation was created for. In roughly a year’s time, Opportunity 34 has awarded more than $62,500 in scholarships, not to mention put smiles on the faces of dozens of kids at the Madison Allied Drive Boys & Girls Club through our “Rescued Soles” shoe drive. It has all been incredibly inspiring. And, we’re only getting started.

As we embark on Year 2 of this mission to provide opportunities for kids who may otherwise otherwise not have them, we were reminded of a great year-end strategy for those needing to take a required minimum distribution from their IRA. There’s an opportunity with a QCD.

A Qualified Charitable Distribution is a perfect opportunity to make a lasting impact. When planning your IRA withdrawal strategy, you may want to consider making charitable donations through a QCD.

By making a direct transfer of funds from your IRA to a qualified charity, your QCD can be counted toward your required minimum distribution for the year.

If you are over 70½, you are eligible to make a qualified charitable donation of up to $100,000 to the 501(c)(3) Opportunity 34 Foundation — and we’ll match your donation up to $3,400. Ask your financial advisor, accountant or attorney about how your QCD can make a lasting impact in your community. Thanks again for your continued support!

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The Opportunity 34 Foundation does not offer tax or legal advice. You should always speak with your financial advisor, accountant and/or attorney before making any financial decisions.