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 advisor for more information.