Did you know that your charitable giving can have a lasting impact on both your financial wellbeing and the future of students at Grays Harbor College? By making a Qualified Charitable Distribution (QCD) from your IRA, you can meet your required minimum distribution (RMD) obligations while lowering your taxable income—all while making a meaningful contribution to the Grays Harbor College Foundation.
If you’re 72 or older, you are required to take an RMD from your traditional IRA. Normally, these withdrawals are taxed, but with a QCD, you can direct your distribution to a charity like the Grays Harbor College Foundation. Your gift not only reduces your taxable income but also directly supports students, academic programs, and critical initiatives at the college.
As you plan your charitable contributions for 2024, remember that the deadline for making a QCD gift is December 31. This win-win opportunity allows you to satisfy your RMD requirements while helping our community thrive.
Click here to learn more about making a tax-free IRA gift to the Grays Harbor College Foundation or contact Executive Director Lisa J. Smith at lisa.smith@ghc.edu or 360-538-4243.
Make a difference today for both your financial future and the future of our students!