Clarification for IRA email sent in December 2020: As of 1/1/2020, the IRA required minimum distribution law has changed. If you reached the age of 70½ in 2019 you were required to take your first required minimum distribution (RMD) from your IRA by April 1, 2020. If you reach age 70 ½ in 2020 or later you must take your first RMD by April 1 of the year after you reach age 72. For questions about your specific situation, please speak to your financial planner.
You can make a donation directly from your IRA to charitable organizations such as United Way - completely tax free. Talk to your financial advisor and contact Susie Shefchik, Senior Accountant at United Way, at (414) 263-8144 or by email.
Donors who have included United Way in their estate plans are recognized as members of the Legacy Society. Through bequests, life insurance, charitable trusts, or retirement benefits, donors of all walks of life at all income levels can make an investment in United Way's future.
Estate gifts are invested in United Way’s board-designated endowment fund. Distributions from the endowment are used as needed to support the work of United Way. Other endowment funds can be created for a specific purpose with a gift of $25,000 or more.
If you are a professional financial advisor looking for more information about Planned Giving, please visit our professional advisors resource page.