Your Required Minimum Distribution can help the Leisure World community
GAF
The Golden Age Foundation (GAF) is a nonprofit 501 (c) (3) organization that has made a positive impact in LW since 1973. Through the support of volunteers, individuals and organizations, the GAF has organized and implemented many programs that have benefitted the community at no additional cost to residents.
People who have an Individual Retirement Account (IRA) are required to take part of their income via a yearly Required Minimum Distribution (RMD).This withdrawal is taxed as ordinary income in the year of withdrawal. However, if the distribution goes directly to charity, taxes will not be withdrawn.
Allocating part of your RMD to the GAF is a simple way to help support many LW programs. People interested in donating to the GAF in this way should ask their tax or investment adviser about how to distribute funds to a nonprofit organization Distributions can be sent to the GAF at P.O. Box 2369, Seal Beach, CA 90740. For more information on the GAF’s services, visit www. goldenagefdn.org or call (562) 431-9589.
