Example
You are 75 years old, married, and plan on claiming the standard deductions ($24,800 in 2020) instead of itemizing tax deductions. You would like to make a special gift to the Grand Canyon Trust, so you instruct your IRA administrator to make a direct distribution of $20,000 to the Trust. Your gift counts toward your annual IRA Required Minimum Distribution, so it saves you taxes by reducing your taxable income. And, your gift directly impacts our work to protect the Grand Canyon and the Colorado Plateau.
For more information about supporting the Trust through your IRA, or how to name the Trust in your estate plan, please contact Libby Ellis at (928) 286-3387 or lellis@grandcanyontrust.org.
**Please note the Grand Canyon Trust cannot render tax or legal advice. We encourage you to consult with your professional advisor about your situation before making a charitable gift.