From Your IRA - Over Age 70.5

If you are over age 70.5 you can give up to $100,000 from your IRA to a charity such as BPC. The withdrawal will not be taxed to you (nor can it be deducted by you) but it WILL be counted as part or all of your required minimum distribution for the year, which may reduce your taxable income. Consult with your tax advisor on this option, then reach out to the Finance elder at finance@bedfordpresbyterian.org for assistance regarding this contribution.