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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