As the end of the year draws near, it’s a great time to think about your charitable contributions. If you are over age 70.5 and have a traditional IRA, you may donate up to $100,000 annually directly from your IRA to the Thompson Foundation without a tax penalty. There is no need to itemize and there is no income to you. In addition, the gift counts toward your required minimum distribution (RMD), if applicable.
To get started, contact Executive Director Myles Hinkel at 573-884-0777 or myles@thompsonfoundation.org.