Required Minimum Distribution

For our friends, at least 70 years and six months, United Community Centers wants to pass along the following information. You may be able to benefit UCC and receive a tax benefit. A direct gift from your IRA may be nontaxable and may count towards your required minimum distribution.

From IRS Publication 590-B:

“Qualified charitable distributions.

A qualified charitable distribution (QCD) generally is a nontaxable distribution made directly by the trustee of your IRA (other than a SEP or SIMPLE IRA) to an organization eligible to receive tax-deductible contributions. You must be at least age 70½ when the distribution was made. Also, you must have the same type of acknowledgment of your contribution that you would need to claim a deduction for a charitable contribution.

A QCD will count towards your required minimum distribution, discussed earlier.”

United Community Centers does not give tax advice so please check with your financial or legal advisor.

If this is right for you, please contact your IRA administrator so that the distribution to your charity is direct from the IRA trustee. If you choose United Community Centers, they can contact Don Campion, CFO at 817-927-5556 ext. 112, or dcampion@unitedcommunitycenters.org

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United Community Centers, Inc.

3900 Meadowbrook Dr.

Fort Worth, TX 76103

P: 817.927.5556 | F: 817.924.3992

Wesley Center

3600 N. Crump St

Fort Worth, TX 76106

817.625.8205

Polytechnic Center

3100 Avenue I

Fort Worth, Texas 76105

817.531.2803

Bethlehem Center

951 Evans Avenue

Fort Worth, Texas 76104

817.332.7911