Donors aged 70 and above can now give their individual retirement account (IRA) assets to charity and enjoy tax benefits, according to Our Community Foundation. By making a charitable gift from their IRA, donors can meet their annual distribution requirements without paying taxes and contribute to the betterment of Daviess County. Our Community Foundation is ready to assist donors in establishing a new fund and transferring their gift directly to the foundation from their IRA. Donors should seek advice from their financial and tax advisors to determine if this option is right for them. To learn more about establishing a fund, contact Our Community Foundation at (812) 698-5413.
