If you’re looking for a tax-smart way to support Madison Public Library, a Qualified Charitable Distribution (QCD) is a powerful option.
If you’re age 70 1/2 or older and have an Individual Retirement Account (IRA) you can direct a gift from your IRA to Madison Public Library Foundation.
For those required to take a minimum distribution, this allows you to meet that requirement while potentially reducing your taxable income.
For many donors, this is one of the most efficient ways to give. Your gift goes further and you avoid added income that could affect your tax bracket or other benefits.
Just as important, your support helps unlock what’s possible. Libraries are for everyone, with no exceptions. Through your gift, you’re removing barriers to access, creating spaces for connection, supporting innovative collections and programs and opening doors to lifelong learning, creativity, and opportunity for people across our community.
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