If you are 70½ years old or older, take advantage of a simple way to benefit Blue White Scholarship Foundation and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity such as ours without having to pay income taxes on the money.
Click to see how this provision of the tax law works.
Why Consider this Gift?
Your gift is put to use today. You can see the difference your donation makes.
You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction. You benefit even if you don't itemize deductions.
Donating the full or partial amount is a great way to satisfy your RMD without reporting additional current income.