A Tax-Saving Way to Help IMANA

A Tax-Saving Way to Help IMANA “Qualified Charitable Distributions”

If you are 70½ years old or older, you can take advantage of a simple way to benefit IMANA and receive tax benefits in return. A Qualified Charitable Distribution (QCD) is a distribution of up to $100,000 from an IRA after an individual reaches age 70 1/2 that is paid directly to a qualified charity such as IMANA.  The QCD is tax-free to both the IRA owner and the charity.

The “Protecting Americans from Tax Hikes Act of 2015” (PATH Act) enacted on 12/18/2015 made Qualified Charitable Distributions (QCDs) from IRAs permanent.  As a donor, you are free to make annual gifts to our organization this year and well into the future and continue to receive the tax benefit.

For additional information on how to make a tax-free gift with the IRA, please contact Ashraf Elghandour at UBS Financial Services Inc. at 973 360-4384 or http://financialservicesinc.ubs.com/fa/ashrafelghandour/