When the transfer is made directly from the custodian of the IRA to a qualified charity, the distribution is excluded from the donor’s adjusted gross income (AGI) but still counts toward their required minimum distribution (RMD). For retired donors who do not need the required minimum distribution from their IRA, or at least a portion of it, this is an efficient and easy way to support UnityCR and reduce taxable income.
“I give, devise, and bequeath to Unity Center of Cedar Rapids, Iowa, ________ percent (or all) of the rest, residue, and remainder of my estate.”
“If any or all my beneficiaries do not survive me, I give, devise, and bequeath the share that otherwise would be (his/hers/theirs) to Unity Center of Cedar Rapids.”