Author: Vince Daniele, RXCSF Donor (Pittsford, NY)
Attention skiers, parents of skiers, and grandparents of skiers. Are you aware that RXCSF can accept charitable contributions that are in addition to the “Supporter Levels” listed on the website? It’s true. You can support the organization by making charitable contributions in several ways, including donating online, or printing the donation form found on the website and mailing the form and a check to RXCSF. However, if you are 70 1/2 years of age, or older, what may be better than writing a check or donating online is using money from your IRA to make a Qualified Charitable Distribution (QCD) to RXCSF, which, in addition to helping the organization, can help you reduce your taxes and your Adjusted Gross Income (AGI). QCDs don’t require that you itemize your income tax deductions, which due to the current tax laws, means you may decide to take advantage of the higher standard deduction, but still use a QCD for charitable giving.