GAF’s Give Where You Live

Residents required minimum distribution can help their community. Those who are 70.5 years or older and 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, people pay no tax.

Residents who allocate part of their RMDs to the Golden Age Foundation (GAF) help support many Leisure World programs Residents are encouraged to ask their tax or investment advisor about how to distribute funds to a nonprofit organization The GAF is a 501 (c)(3) organization (Tax ID 23-7273105). Distributions should be sent to the Golden Age Foundation, P.O. Box 2369, Seal Beach, CA 90740. For more information on the GAF’s community services, visit www.goldenagefdn.org or call 562-431-9589.