IRA CHARITABLE CONTRIBUTIONS
Since the US Senate’s action that has now permanently reinstated the charitable IRA rollover provision, you are able to make a contribution by transferring from your IRA directly to a charitable organization. Although there is no charitable deduction for these gifts, the benefit to the donor is that any such transaction will count toward his/her annual MRD (Minimum Required Distribution) and eliminate some tax liability for deferred gains. If you think this may be an advantage in your financial planning, please consult your financial advisor.