YEAR-END TAX SAVINGS OPPORTUNITY - The Shelter for Abused Women & Children

Did you know that at the age of 70 ½, you are required to start taking a minimum distribution from your Traditional Individual Retirement Account (IRA) which is considered taxable income?

If you do not need those funds for living expenses and want to make an impact on your favorite charity and not Uncle Sam, consider gifting funds from your IRA to The Shelter. You are allowed to transfer up to $100,000 per year from your IRA tax free, if the distribution is made directly from your IRA to the charity.

Want to learn more about this tax savings opportunity? Consult with your tax advisor and contact The Shelter for the IRA distribution form by calling 239.775.3862 or emailing Chief Development Officer Cyndi Fields, at cfields@naplesshelter.org.