Gift Planner
The
Investing in tomorrow’s church
SPRING 2021 • No. 123
Qualified Charitable Distributions: 10 things to consider when making a gift from your IRA “One of our goals as trusted advisors includes understanding our clients’ charitable objectives and finding the most tax-effective way to achieve them,” she says. “It’s extremely rewarding knowing that I’ve been able to help someone fulfill their charitable goals that aligns with their financial plan.”
Lacy Bender
Evansville, IN, native Lacy Bender believes it is important to give back to the community. Her Catholic faith and tight-knit family have taught her that it is better to give than to receive and to always treat others as you want to be treated. “I personally feel that I am blessed and that gives me the opportunity to donate my time, talents and treasures to those in need,” she says. “Whether that be giving it directly to the hands of a homeless person on the corner or indirectly through a charity that will help
feed the homeless or educate our youth to become the leaders of tomorrow.”
One of the strategies she recommends is making Qualified Charitable Distributions (QCD) from an IRA. Taxpayers who are 70 ½ or older can donate up to $100,000 annually from their IRA to one or more qualified public charities. If the taxpayer is married and each spouse has an IRA, each can give up to $100,000. Continued on next page
Lacy studied accounting at the University of Evansville and received her MBA from the University of Southern Indiana. She is currently pursuing a master’s degree in taxation from DePaul University. Her career as a CPA and vice president at Harding Shymanski & Co. in Evansville allows her to help clients meet their charitable giving and financial goals.