Friends of Gwynns falls leakin park |
Give from Your IRAA Tax-Smart Way to Support the ParkIf you’re 70½ or older, you can make a tax-smart gift to Gwynns Falls/Leakin Park directly from your IRA. A Qualified Charitable Distribution (QCD) can count toward your annual Required Minimum Distribution (RMD) and is generally excluded from your federal taxable income. How it worksA Qualified Charitable Distribution allows eligible IRA owners to transfer funds directly from their IRA to a qualified nonprofit organization. Why consider a QCD?
You can make a QCD beginning at age 70½, even if you aren't yet required to take RMDs. Because QCDs are excluded from taxable income, you cannot also claim a charitable income-tax deduction for the gift. |
How to Make Your Gift1. Contact your IRA custodian Ask your financial institution to make a Qualified Charitable Distribution directly to Friends of Gwynns Falls Leakin Park Inc. 2. Provide FOGFLP's information Legal Name: Friends of Gwynns Falls Leakin Park Inc. Federal Tax ID (EIN): 52-1677428 Mailing Address: Friends of Gwynns Falls Leakin Park 5214 Windsor Mill Rd Gwynn Oak, MD. 21207 If your custodian issues a check, it should be made payable to Friends of Gwynns Falls Leakin Park Inc., not to you personally. 3. Let us know your gift is on its way Please email treasurer@friendsofgwynnsfallsleakinpark.org with your name, the name of your financial institution, and the approximate amount of your gift. This helps us identify your donation when it arrives and send you an acknowledgment. |
Your Gift Makes a DifferenceA gift from your IRA is an investment in the future of Baltimore’s 1,000-acre woodland. Your support helps FOGFLP care for the park’s forests, streams, and trails; create more welcoming entrances and connections for surrounding neighborhoods; and bring people together through outdoor programs, volunteer projects, and community partnerships. Questions?We're happy to provide information about making a gift to FOGFLP. Contact: treasurer@friendsofgwynnsfallsleakinpark.org |
Tax information: Qualified Charitable Distributions are subject to IRS eligibility requirements and annual limits. Generally, donors must be at least age 70½ on the date of the distribution, and funds must be transferred directly from an eligible IRA to a qualified charity. Please consult your financial or tax adviser about your individual circumstances. |