Legacy carries on with IRA gift
Vancouver resident Betty D. and her family moved around the country to follow her husband’s Lloyd’s career. As a landscape architect, Lloyd was passionate about nature. It’s only natural that Betty honored his memory by sponsoring an island in our Seasons of Hope Memorial Garden in Vancouver that includes his engraved stone.
Lloyd and Betty were also passionate about supporting charities and making the most of their hard-earned income. For years, they used their IRAs to donate to causes while maximizing their tax savings by donating their required minimum distribution (RMD) directly from their financial institution to the charity.
2019 was Betty’s first year without Lloyd. In determining her charitable contributions last year, she considered what charities were of interest to him. She chose Community Home Health & Hospice for an IRA gift. She especially liked that she could designate her gift for a specific purpose—to purchase an ultrasound machine for our hospice care center.
On January 1 of this year, new retirement legislation called the SECURE Act went into effect. It includes changes to IRAs and other provisions related to retirement savings and planning. A big change is that individuals must begin making required IRA minimum distributions at age 72 starting in 2020. The age was 70 ½ years previously.
Please consider making an IRA gift to Community this year. Contact firstname.lastname@example.org or 360.597.0717 for more information.