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Attorney proposes informational session on directing RMDs to local nonprofits
Summary
Attorney Arthur Bergeron proposed an informational session on directing Required Minimum Distributions (RMDs) to nonprofits, suggesting collaboration with the COA, Center for Living and Island Elderly Housing and management through the Preservation Trust.
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At the Feb. 19 meeting Attorney Arthur Bergeron proposed an informational session about directing Required Minimum Distributions (RMDs) to nonprofits. Bergeron suggested the COA partner with the Center for Living and Island Elderly Housing and use the Preservation Trust to manage gifts directed by RMDs.
Council members discussed using such an informational session to educate donors and expand fundraising channels for local nonprofits that support older residents. No firm date for the session was set at the meeting.
