Are you taking a required minimum distribution from your IRA this year? If you are age 70 ½ you can make a Qualified Charitable Distribution (QCD) to the Chagrin Falls Historical Society & Museum and reduce your taxes.
Benefits of a QCD:
• Avoid taxes on transfers of up to $100,000 from your IRA to Chagrin Falls Historical Society & Museum
• Satisfy your Required Minimum Distribution (RMD) for the year
• Reduce your taxable income, even if you do not itemize deductions
A qualified charitable distribution is a simple and easy way for you to use your IRA to help the Chagrin Falls Historical Society & Museum’s efforts to discover, preserve, and share knowledge about the history of Chagrin Falls and vicinity. You can help us achieve our goals all while also enjoying valuable tax savings.