Giving your RMD to causes you care about
… and save on income taxes!
If you are over 72 years old with a traditional IRA or 401(k), you are likely required to take a minimum amount out of your account each year. This is called a Required Minimum Distribution or RMD.
If you transfer your RMD directly to a non-profit organization or a designated Ministry Fund set up with the Ten Talents Foundation, the RMD will not be counted as income and you will not have to pay income tax on the amount! This allows you to give more to causes aligning with the unique passions God has put on your heart.
Unlike a stock transfer, RMDs can not be transferred to a Giving Fund (also known as a Donor Advised Fund). RMDs must be given directly to a non-profit or to a designated Ministry Fund with the Ten Talents Foundation. Ten Talents can simplify the RMD giving process for you and the organization you would like to support.
For more information about how to give your RMD to a cause you love, contact Ten Talents at (559) 387-5534 or firstname.lastname@example.org. We can’t wait to help you leverage your generosity.