Turn Your Required Minimum Distribution into Lasting Impact
If your taking a Required Minimum Distribution (RMD) from your retirement account, you have an opportunity to make a meaningful difference while supporting a cause you care about.
A gift to Cedar Lake helps adults with intellectual and developmental disabilities live fulfilling lives through quality housing, community engagement, day programs, transportation and compassionate support. Your Required Minimum Distribution can help provide abundant possibilities for individuals and families across Kentucky.
What Is a Required Minimum Distribution (RMD)?
A Required Minimum Distribution, or RMD, is the minimum amount the IRS requires many retirement account owners to withdraw each year after reaching age 73. RMDs generally apply to traditional IRAs and many employer-sponsored retirement plans. Because these withdrawals are typically considered taxable income, many individuals explore charitable giving strategies that align with their financial and philanthropic goals.
Yes. If you are age 70½ or older, you may be eligible to make a Qualified Charitable Distribution (QCD) directly from your IRA to a qualified charitable organization such as Cedar Lake.
A Qualified Charitable Distribution can count toward satisfying your Required Minimum Distribution for the year while generally excluding the donated amount from your taxable income. This can make charitable giving from your IRA one of the most tax-efficient ways to support the causes that matter most to you.
Because every financial situation is different, consult your financial advisor or tax professional to determine whether a Qualified Charitable Distribution is right for you.
Why Make an RMD Gift to Cedar Lake?
Your charitable gift helps Cedar Lake provide opportunities that enrich the lives of adults with intellectual and developmental disabilities, including:
- Safe and supportive residential services
- Community-based day programs
- Transportation to work, medical appointments and community activities
- Recreational and educational opportunities
- Programs that promote independence, dignity and belonging
For many families, Cedar Lake provides peace of mind by ensuring their loved one has the support they need today and for the future.
Frequently Asked Questions
What is the difference between an RMD and a QCD?
An RMD is the amount you are required to withdraw from certain retirement accounts each year. A Qualified Charitable Distribution (QCD) is a direct gift from your IRA to a qualified charity that can satisfy all or part of your Required Minimum Distribution if you meet IRS eligibility requirements.
Does a Qualified Charitable Distribution reduce my taxable income?
For eligible donors, a Qualified Charitable Distribution is generally excluded from taxable income, unlike a standard Required Minimum Distribution. This may provide tax advantages depending on your individual circumstances.
Why should I make my RMD gift to Cedar Lake?
Your gift helps adults with intellectual and developmental disabilities experience safe housing, meaningful relationships, specialized care and support, greater independence and opportunities to thrive in their communities.
Make Your Required Minimum Distribution Matter
Your Required Minimum Distribution is more than an annual requirement. It is an opportunity to create lasting impact.
When you choose to support Cedar Lake through your RMD or Qualified Charitable Distribution, you help ensure individuals with intellectual and developmental disabilities have the resources they need to live lives filled with dignity, purpose and possibility.
Ready to learn more? Contact the Cedar Lake Foundation at clf@cedarlake.org or (502) 495-4931 to discuss how your Required Minimum Distribution or Qualified Charitable Distribution can make a lasting difference.
