Year End Giving
Do you have and IRA? Are you over age 70 1/2? You may benefit by drawing down your IRA before year-end and gifting the distribution to First United or another qualified charity. Up until December 31st, 2011, you can gift this distribution directly from your IRA to any charity and not recognize any taxable income from this gift. Talk to your tax adviser additional details or call your bank/broker.
|