IRA Direct Contributions

Recent tax law changes may impact charitable giving strategies.  One option available for a while but may now be more valuable is directing up to $100,000 per year from your IRA account to charity if you are over 70½ years old.  This strategy can eliminate or reduce taxes on required minimum distributions from your IRA.  With the increased standard deduction now in effect, eliminating a charitable contribution deduction may have little or no impact on your tax liability.

Retirement plan accounts, including IRAs left to heirs, often generate a significant tax liability.  Naming a tax-exempt charitable organization as an IRA or other retirement plan beneficiary can be an excellent choice of asset to fund a charitable bequest.  When properly structured, the entire bequest will be available for use by the charity with no income tax cost.  

Please make contributions payable:

NGCF -Lake Rabun Fund or NGCF- Lake Rabun Scholarship Fund 

Mail To:

North Georgia Community Foundation
340 Jesse Jewell Parkway Suite 605
Gainesville, GA 30501-7701