Your required minimum distribution withdrawal can help your community
GOLDEN AGE FOUNDATION
The Golden Age Foundation (GAF) is a nonprofit 501 (c) (3) organization (Tax ID No. 23-7273105), that has worked to make a positive impact in the Leisure World community since 1973.
Over the years, through the support ofvolunteers, individuals and organizations, the GAF has organized and implemented many programs to benefit the community at no cost to residents.
The GAF is entirely staffed by LW resident volunteers. One of the ways people can contribute to the GAF is through their required minimum distribution (RMD). Those who are 70 and a half years or over and have an individual retirement account (IRA), are required to take part of the income via a yearly RMD.
This withdrawal is taxed as ordinary income in the year of withdrawal. However, people can choose to donate the RMD to charity.
The GAF encourages those interested to confirm with their attorney and CPA to verify and help with the process.
Allocating part of the RMD to the GAF is a simple way to help support many Leisure World programs Distributions can be sent to the Golden Age Foundation, RO. Box 2369, Seal Beach, CA 90740. For more information on the GAF community services visit www.goldenagefdn.org or call 562-431-9589.
