You can give through your Required Minimum Distribution (RMD) of your Individual Retirement Account (IRA) to help feed the hungry and give stability to families today and tomorrow. It’s often called a Qualified Charitable Distribution (QCD).

IRS regulations require individuals with qualified retirement accounts to begin taking minimum withdrawls from their account once they turn 72. If you need to take your RMD and would like to avoid additional taxes, consider gifting your distribution as a QCD to New Hope Ministries. You can also name New Hope as a beneficiary of your IRA.

New for 2023 … Secure 2.0 Act offers a special one-time qualified charitable distribution (QCD) to a CGA! Beginning in 2023, people who are age 70 1/2 and older may elect (as part of their QCD) a one-time gift up to $50,000, adjusted annually for inflation, to a CGA. This amount counts toward the annual required minimum distribution (RMD), if applicable.

For more information, please contact:

Molly Helmstetter, Director of Development, 717-432-2087 ext. 203

Joel Giovannetti, Northern Tier Gift Officer, 717-432-2087 ext. 204

Gene Hagenberger, Southern Tier Gift Officer, 7170432-2087 ext. 206

Chris Brotherston, Volunteer Coordinator, 717-432-2087 ext. 205

Please note: This information is prepared for the information of friends and donors of New Hope Ministries. Its purpose is to offer helpful tax and financial planning information. Donors should consult with their professional advisor as to the applicability of any ideas to their own situation.

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