Friends of Ngong Road

Providing education and support to Nairobi children living in poverty whose families are affected by HIV/AIDS.

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December 31, 2018 By Lacey Kraft Leave a Comment

IRA Charitable Contribution Can be Very Advantageous

Are you over 70 ½? Consider using your individual retirement account (IRA) to make a gift to Friends of Ngong Road. The Qualified Charitable Distribution (QCD) provision allows individuals of at least 70 ½ years of age to distribute funds from an individual retirement account (IRA) to a qualifying charity without the transfer qualifying as income.

Several of our donors have used this provision to contribute to Friends of Ngong Road in a tax-advantaged way. Consult your financial advisor or the financial institution that holds your IRA to learn if this is appropriate for you and to find out what special processing is required to make a QCD.

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Friends of Ngong Road
PO Box 581308
Minneapolis, MN 55458
(612) 568-4211 | [email protected]

 

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