Did you know that you can decrease your taxable income by making a Qualified Charitable Distribution (QCD) to Grace Academy? By making a gift using a portion of your Required Minimum Distribution from your IRA, you can save money on taxes while supporting bright futures for our students.

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To Qualify:

• You must be at least 70 ½ years old when you make the gift to Grace Academy.

• The contribution must be directly transferred from your IRA to Grace Academy.

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Tax Benefits:

• QCDs count toward satisfying your required minimum distribution for the year. If you have to take your required minimum distribution and have a surplus, giving to Grace Academy gives you the option avoid paying income tax on the RMD income up to $100,000 per individual.

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To Get Started:

• Contact your advisor and instruct them to gift funds from your IRA to Grace Academy.

• So we can thank you for your gift, let your advisor know to note your name and that the transfer is an IRA QCD.

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With questions contact Director of Development, Maria Carlson, at mcarlson@graceacademyhartford.org