Norwin School District Community Foundation (NSDCF) is an approved 501(c)3 charitable non-profit charitable organization. Your donation to support the programs and/or activities may be eligible as a tax deduction on your Pennsylvania tax form.
Businesses and individuals making a donation to the NSDCF receive will receive an acknowledgement letter that may be used as a document for tax purposes. You should review your donation with your financial advisor and/or a tax expert to assure your donation qualifies as a tax deduction.
You may be able to avoid taxes on your IRA withdrawal when you donate directly to a tax exempt charitable organization. Contact your financial planner or a tax consultant for the most current guidance on tax law.
Qualified Charitable Distributions
For those age 70 1⁄2 or older, you can use funds from your traditional IRA account to make a tax-free Qualified Charitable Distribution (QCD) directly to the Norwin School District Community Foundation or other qualified charitable organizations of your choice. Under current law, the maximum alloweable QCD is $100,000 per individual annually and is counted towards all or part of your required minimum distribution (RMD) for the tax year. As such, early planning is necessary to ensure compliance with QCD eligibility rules and avoid any lost opportunities or mistakes due to the timing of your QCD and your RMDs, as QCDs are not retroactive.
Should you decide to make a donation to NSDCF, have your IRA representative send your donation payable to:
Norwin School District Community Foundation
281 McMahon Drive
North Huntingdon, PA 15642.
You may also review the following outside articles for additional information on QCDs and their requirements:
- Can I Use Money from My IRA to Donate to Charity? Investopedia
- Qualified Charitable Distributions (QCDs) from IRAs Forbes
- 10 Things Anyone Considering a QCD Should Know Kiplinger
Please note that as tax laws change over time, we cannot guarantee these articles reflect current practices. You are urged to review your plans for charitable contributions with a tax expert and/or your financial advisor prior to making your donation.