Starting at age 70-1/2, you can make a qualified charitable distribution from your traditional IRA. This may reduce the taxable portion of your annual required minimum distribution.
Tax ID Number: #56-6001906
To qualify:
• You must be 70½ or older at the time of gift.
• Distributions must be made directly from a traditional IRA account by your IRA administrator to BGCDOC. Please contact your plan administrator to initiate the transfer.
• No charitable deduction may be taken, but distributions may qualify for all or part of the IRA owner’s required minimum distributions.
• Gifts from donor advised funds, 401(k), 403(b), and other retirement plans do not qualify.
