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Option for Donating Your Required Minimum DistributionWe need your help to sustain and grow the Foundation to continue its programming. Investments in our foundation by our members also help us secure additional matching grant funding from outside organizations. Once you reach the age of 70 ½, if you own an IRA or other qualified retirement plan, you must begin taking the Required Minimum Distribution (RMD). If you are interested in a tax strategy through gifts of support, you can donate that some or all your RMD to the Family Health Foundation of Illinois and support our programs. A Qualified Charitable Distribution is an otherwise taxable distribution from a retirement account owned by an individual age 70.5 or older. The funds are paid directly from your IRA to a qualified charity of your choice. The annual limit is $100,000 per person. This donation strategy will benefit you! Thank you for your support of FHFI and your membership in the Illinois Academy of Family Physicians. Direct any questions to Jennifer O’Leary, Foundation executive director at [email protected]. Read more about how IAFP Past-president Dr. Katie Miller created a Humanitarian Fund with AAFP Foundation. |
Last Updated on Wednesday, August 23, 2023 12:05 PM |