Year-End Giving

As We Enter Q4 2024- Consider the Benefits of Making a Gift to EHSA Through a Required Minimum Distribution.

There are numerous benefits of utilizing Required Minimum Distributions – also known as RMDs – for a year-end donation to The English High School Association (EHSA).  Here are five important ones:

  1. Tax Advantages: One of the primary benefits of utilizing RMDs for donations is the potential tax advantages. RMDs are typically subject to income tax, but by directing a portion of your RMD to a charitable organization like the EHSA, you can potentially reduce your taxable income. This, in turn, may lead to lower tax liability.
  2. Supporting Education: Donating your RMD to the EHSA allows you to make a meaningful contribution to the education of young individuals in our community. Your support can help provide resources, materials, and opportunities that enhance the quality of education offered at the school.
  3. Community Impact: By donating your RMD to the EHSA, you are directly contributing to the betterment of our local community. The school plays a vital role in shaping the next generation of leaders, and your donation will have a lasting impact on the lives of students and the broader community.
  4. Legacy and Recognition: Your donation can serve as a lasting legacy, demonstrating your commitment to education and the betterment of society. Many institutions, including the EHSA, offer recognition and appreciation for significant donors, which can provide a sense of accomplishment and pride.
  5. Fostering Education Equity: Your support can help bridge gaps and create opportunities for students from diverse backgrounds, ensuring that everyone has access to a high-quality education.

Directing your RMDs to EHSA may well align with both your financial goals and your desire to make a positive difference in the lives of other.  Consider making an appointment with your financial advisor to explore this option further.

For information on how to direct your RMD to The English High School Association, visit the Planned Giving section of our website.

On October 6, 2024   /   Home Page, News, Uncategorized