Long-time Georgia Academy members have played an instrumental role in advancing our mission to advance family medicine and support our patients in communities across the state. As current leaders of the GAFP’s Foundation (Georgia Healthy Family Alliance), we are reaching out to share an opportunity that can further amplify the impact of GAFP members who qualify while optimizing their tax benefits.
You may already be familiar with the IRA Charitable Rollover, a provision that allows donors like you to contribute directly from your IRA to qualified nonprofits, such as the Georgia Healthy Family Alliance. However, we wanted to bring to your attention a specific aspect of this opportunity that can significantly benefit both our organization and your financial planning strategy.
Upon reaching the age of 73, the IRS mandates that retirees begin taking minimum distributions from their IRAs annually. These distributions are typically subject to income taxes, thereby reducing the overall value of your retirement savings. However, through a Qualified Charitable Distribution (QCD), you can roll over funds of up to $100,000 from your IRA directly to our foundation without incurring taxes on those funds.
By leveraging this provision, you can not only fulfill your required minimum distribution but also make a meaningful difference in the lives of individuals and families across Georgia. Your support will enable us to continue our vital work, including awarding grants to community health projects addressing critical issues such as diabetes, obesity, women’s health, and youth smoking cessation through programs like Tar Wars.
In light of the ongoing challenges posed by health disparities and emerging public health threats, your generosity has never been more essential. Together, we can advance our shared vision of healthier communities and brighter futures for all Georgians.
Should you wish to explore this opportunity further or have any questions, please don’t hesitate to reach out to our Executive Director, Fay Fulton, at 404-321-7445 or ffulton@gafp.org. Additionally, you may contact Robert Nix of Peachtree Wealth Strategies, who manages all of our stock donation transfers, at 404-218-5739 or rnix@peachtreews.com.
We understand the importance of informed decision-making, so we encourage you to consult with your tax advisor to determine the best course of action for your individual circumstances.
Thank you for your steadfast commitment to our cause. Together, we can make a profound and lasting impact on the health and well-being of communities throughout Georgia.
Mitzi B. Rubin, MD, FAAFP – Marietta
President
Georgia Healthy Family Alliance
Patrick J. (“PJ) Lynn, MD – Rome
Vice President
Georgia Healthy Family Alliance