A qualified charitable distribution from your Individual Retirement Account (IRA) can support Wholesome Wave Georgia’s work with local farmers and families in need.
Wholesome Wave Georgia, Inc. Tax ID: 45-4816906
The Process:
Instruct your IRA administrator to transfer funds to the charity or charities you designate. Payment should be sent directly from your IRA to Wholesome Wave Georgia, Inc. via a qualified charitable distribution (QCD).
Tax Benefits:
A QCD excludes the donation amount from your taxable income, potentially earning you significant tax breaks.
Lower taxable income may reduce the impact to certain tax credits and deductions, including Social Security and Medicare.
Requirements and restrictions
Donor must be 70½ or older.
Gifts must be made directly from an IRA to a 501(c)(3) charitable organization. Gifts from 401(k), 403(b) and 457 plans are prohibited.
All charitable gifts combined may not exceed more than $100,000 per taxpayer, per year.
Gifts may not be made to a donor advised fund, supporting organization or private foundation.
Gifts are not included in taxable income, and no charitable deduction is allowed.
Questions: Please contact Annamarie Robb
