Qualified Charitable Distribution

Qualified Charitable Distribution

Qualified Charitable Distributions:
An Easy Way to potentially take a TAX FREE Distribution from your IRA and help the Clark Center

Are You Over 70 and a half years of age?
Do you have an IRA?
Need to take a Required Minimum Distribution? 
Want to Donate to the Clark Center?
… Then You May be able to make a Qualified Charitable Distribution!

Current Tax Laws allow tax payers to take a withdrawal from their IRA, in certain circumstances, and pay NO Federal Income Taxes! Recipients must be a 501(c)(3); the Clark Center qualifies. Checks MUST be made out directly by the fund administrator to the charity. Other rules apply; please talk to your tax advisor.

Click here to see a 90-second Video by Forbes Magazine on “Charitable IRA Rollovers” (aka Qualified Charitable Distributions)

Read more about Qualified Charitable Distributions – and other ways of donating to charity – from this article by Wells Fargo Advisors.

Are You Sitting Down? Done correctly, Withdrawals may be California Tax Free As Well!

Your Contribution Helps Future Generations!

It does take time for your fund manager to process the distribution – it is recommended to submit the request prior to November 30, 2018 for the 2018 Tax Year.

Distribution should made out to:
South County Performing Arts Association
dba Clark Center for the Performing Arts
487 Fair Oaks Avenue
Arroyo Grande, CA 93420

 

2018 Clark Center Arts in Education Scholarship Recipients and Committee members

Interested? Please contact:
Yvette Eagles
Development Manager
yvette@clarkcenter.org
805.489.4196 x207

You should also talk with your Tax Advisor to make sure distributions meet the tax guidelines.

 

Clark Center Performing Arts Association