Checks by mail: Empowering the Ages, 15800 Crabbs Branch Way, Suite 300, Rockville, MD 20855.
Bequests and Stocks: We gratefully accept bequests and gifts of stock. Please contact us for details.
Strategic giving from your IRA: If you’re 70½ or older, you can make a tax-free gift to ETA from your IRA. Current tax law allows you to transfer any amount up to $100,000 directly to a qualified charitable organization each year, without paying income tax on the distribution. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or “QCD.” Why consider it?
- Your gift will be put to use today, allowing you to see the difference your donation is making in the community.
- Beginning in the year you turn 73, you can use your gift to satisfy all or part of your required minimum distribution (RMD).
- You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
- Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
To learn more, please contact us.
Empowering the Ages is a tax-exempt 501(c)3 nonprofit organization.