Learn how you can support CLMA with your Required Minimum Distribution (RMD)!
You are generally required to take a Required Minimum Distribution (RMD) from your traditional IRA starting in the year you turn 73. One smart way to meet that requirement is to direct part or all of your RMD to the Claremont Lewis Museum of Art as a Qualified Charitable Distribution (QCD). When the funds go straight from your IRA to the Museum, the amount counts toward your RMD and is excluded from your taxable income.
Simply ask your IRA custodian to transfer the desired amount directly to CLMA. You satisfy your RMD obligation while supporting the Museum—and reduce your taxable income at the same time.
Watch the video below to learn more!