For those 70 1/2 and older, you can make a difference in the lives of AHA students today AND save on your taxes. It’s possible when you donate to Holy Angels through your individual retirement account (IRA). You can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity such as Holy Angels without having to pay income taxes on the money.
This popular gift option is referred to as a qualified charitable distribution (QCD), or an IRA charitable rollover.
One couple that has chosen to give through their IRA is AHA parents and grandparents of alumni Jerry and Kathy Hayes Meyer ’53.
“Making our donations through our IRA has turned out to be an easy, cost effective way for us to support the places that matter most to us. We decided that if we can help places like Holy Angels now, and we personally don’t need the funds, we should give it to them now. Plus it decreases our taxes. The IRA distribution has allowed us to make larger gifts.”