If you are over 70 ½ and direct your required
IRA distribution to a qualifying charity (i.e. St.
Margaret’s) you can potentially bypass the
income tax on the distribution. This exclusion
is more tax efficient than recognizing the
distribution as taxable Income and then using
Sechedule A to deduct the contribution.
We encourage you to consider this unique tax
planning opportunity for 2011. Please contact
your financial advisor or visit:
www.irs.gov/retirement for more information.
