Donating Through Your IRA
How does it work?
When you turn 73 you must take a required minimum distribution (RMD) from your IRA. A charitable gift is a great way to meet this requirement and support The Meals On Wheels Foundation of Northern Illinois’ life changing work.
You can give up to $100,000 tax free from your IRA directly to a qualified charity like The Meals On Wheels Foundation of Northern Illinois. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
When contributing via your IRA, your gift will be put to use immediately, allowing you to see the difference your donation is making for our older adults.