Invest in a Brighter Future for Young Leaders – and Receive Tax Benefits!
Are you 70½ or older and looking for a meaningful way to use your IRA funds? You can make a significant impact on youth leadership programs and communities in Texas and Oklahoma, all while minimizing your tax liability.
Here’s how it works: You can directly donate funds from your IRA to the Texas-Oklahoma Kiwanis Foundation, supporting crucial initiatives like:
- Disaster Relief: Providing immediate assistance to those affected by natural disasters.
- New & Struggling Kiwanis Clubs: Helping to establish and sustain vibrant Kiwanis clubs across Texas and Oklahoma.
- Student Leadership Programs: Investing in the development of young leaders and fostering positive change.
Tax Benefits You’ll Love:
- No Income Tax: Unlike a traditional charitable donation, your gift from your IRA is excluded from your taxable income.
- Reduce Your Medicare Premiums & Social Security Taxes: By reducing your annual income, your gift can help lower your Medicare premiums and the amount of your Social Security benefits subject to tax.
- Flexible Giving: You can donate any amount (up to $108,000) directly from your IRA.
It’s Easier Than You Think: This process, known as an IRA rollover to charity, or Qualified Charitable Distribution (QCD), allows you to fulfill your required minimum distribution (if applicable) while supporting a vital cause.
Make a Difference Today!
Contact John Meinders, Texas-Oklahoma Kiwanis Foundation Treasurer:
- Email: jhmeinders@cox.net
- Phone: 918-625-5983
