Are you aged 70 1/2 or older? You can make tax-free distributions to the YMCA from your IRA!
If you have an individual retirement account (IRA) and are 70 1/2 years and older in
2018, the IRS requires you take an annual withdrawal from your IRA. The PATH Act of
2015 allows an individual to make a yearly charitable contribution from an IRA of up to $100,000 without paying income taxes on the distribution. Making the donation is simply. The transfer
must be made directly from the RIA sponsor to the YMCA on or before December 31 of the calendar year.
For more information, please contact Jami Millan at 805-543-8235 ext. 120 or [email protected].