O T H E R W A Y S T O G I V E

Qualified charitable distributions (QCDs)

For individuals in retirement who have to take required minimum distributions, donating to charity can help reduce tax-bracket creep. You can make a QCD from an IRA of up to $105,000 per individual (or $210,000 total if you're married and filing jointly), as long as the charity receives your donation by December 31. The money you donate is not deductible, but it's not subject to federal taxes, qualifies as your RMD for the year, and you can use one even if you don't itemize. QCDs are also allowable starting at age 70½, so you don't have to wait until RMDs begin to take advantage of one.

Important to know : Payment must be made directly to a charity and not all charities qualify.

Deductions for charitable contributions

If you have extra money to give this year, you might consider bunching, which involves concentrating charitable deductions in a single year, and skipping the following year, or even several years. The following year, you likely wouldn't claim charitable deductions, but you'd still qualify for the standard deduction. And if you put your contributions into a donor-advised fund, you can take the charitable deduction in 2024, but spread your giving out over many years. If you want to itemize, this strategy can help. Itemizers can also donate appreciated assets held longer than one year to a qualified public charity and deduct the fair market value of the asset without paying capital gains tax.

Legacy Giving

You can include Great Marriages in your living will or trust, as a beneficiary to your retirement or pension plan, or as a beneficiary to your life insurance plan. We are happy to discuss options with you and encourage you to reach out to our Executive Director, Jocelyn, to learn more.

Are you a Thrivent Member?

designate Great Marriages as the recipient of these programs!

Thrivent Choice : Thrivent Benefit Members can take advantage of this charitable grant program and benefit of membership by directing Choice Dollars to organizations they are passionate about.  Choice Dollars are based on annual premiums and total contract value of qualifying products. Learn more about Thrivent Choice here!

Thrivent Action Teams : Thrivent Benefit Members can apply to lead an Action Team in a one-time fundraiser, service activity or educational event.  Think about an unmet need in your community and how you could help. Learn more about Thrivent Action Teams here!

If you are a member of Thrivent Financial, consider directing your Choice or Action Team Dollars to us. We use YOUR contribution to further our mission of keeping marriages healthy and families together. If you have any questions or would like to learn more about Thrivent member benefits like Thrivent Choice or Thrivent Action Teams, please contact your local Thrivent Financial representative.

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