Rising Costs. Rising Need. Help Us Rise to the Challenge.
Your support for the Chester County Food Bank ensures that no one in our community needs to choose between food and heat this winter, or wonder about their next meal. Your support is about more than food on the table – it’s about joining together to rise to the challenge to serve our neighbors so ALL of us can rise strong.
Persons aged 72 and over who own an IRA must take an annual Required Minimum Distribution, or RMD, which is taxed as income. If any portion of the RMD is donated to a qualified charity (501 (c)(3)), this portion is tax deductible. This donation is known as a Qualified Charitable Distribution, or QCD. This information may be more relevant to those who give smaller ($1,000 to $5,000) annual donations. Often, this is not enough for a regular income tax deduction.