Preservation
Help us preserve, protect, and share Gowanda Pine Hill Cemetery.
We are accepting donations by mail:
GPHC
c/o Jill Smith
35 North Chapel St.
Gowanda, NY 14070
If you are over 72 1/2 years old and receiving an RMD (Required Minimum Distribution) from your IRA’s there is an option called a QCD (Qualified Charitable Distribution) which can benefit both you and GPHC. At your request GPHC can receive your next contribution directly from your RMD. Since RMD’s are considered income and, therefore, taxable, any QCD to a charitable organization reduces your tax burden by that amount. So before you write your next check to us (and we truly hope you do!) why not consider this option and simultaneously reduce your taxes?! The only caveats are you need to request this through your tax professional, financial advisor, or financial institution where you have an existing retirement account. The donation must come directly from them. (most ROTH IRA’s do not qualify) Finally, it needs be done in time for him/her to accomplish the logistics. (Think October or November.) Here is a link to an IRS site which contains more information:
Qualified charitable distributions allow eligible IRA owners up to $100,000 in tax-free gifts to charity | Internal Revenue Service.
We are accepting donations by mail:
GPHC
c/o Jill Smith
35 North Chapel St.
Gowanda, NY 14070
If you are over 72 1/2 years old and receiving an RMD (Required Minimum Distribution) from your IRA’s there is an option called a QCD (Qualified Charitable Distribution) which can benefit both you and GPHC. At your request GPHC can receive your next contribution directly from your RMD. Since RMD’s are considered income and, therefore, taxable, any QCD to a charitable organization reduces your tax burden by that amount. So before you write your next check to us (and we truly hope you do!) why not consider this option and simultaneously reduce your taxes?! The only caveats are you need to request this through your tax professional, financial advisor, or financial institution where you have an existing retirement account. The donation must come directly from them. (most ROTH IRA’s do not qualify) Finally, it needs be done in time for him/her to accomplish the logistics. (Think October or November.) Here is a link to an IRS site which contains more information:
Qualified charitable distributions allow eligible IRA owners up to $100,000 in tax-free gifts to charity | Internal Revenue Service.