Retirement Distribution

Making a gift to the YMCA through a retirement account distribution is a simple and tax-smart way to support our mission. As a registered 501(c)(3) charitable organization, the Itasca County Family YMCA can receive Qualified Charitable Distributions (QCDs) directly from your IRA if you are age 70½ or older. These gifts can help you fulfill required minimum distributions (RMDs) while potentially reducing your taxable income. You may also designate the YMCA as a beneficiary of your retirement plan to create a lasting legacy without affecting your current financial situation.

Tax Benefits Include:

• QCDs may count toward your RMD but are not included in taxable income.
• No itemized deduction is required to receive the tax advantage.
• Avoiding estate and income taxes on retirement assets left to charity.
• Maintaining flexibility—you can give any amount up to the annual QCD limit.

For questions, please contact:

Rachelle Miller
Director of Mission Advancement
(218) 327-1161