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Give and Save

Required Minimum Distributions

Give And Save: If you are required to draw a mandatory distribution from your IRA at age 70 ½ years, a direct contribution to Shelby Community Foundation could reduce your income tax liability. A Required Minimum Distribution (up to $100,000) paid directly to a qualified charity is excluded from gross income and therefore, not taxed. Your donation whether large or small will help. Please consult with your tax adviser for more information.