A Qualified Charitable Distribution from Your IRA May Save You Taxes, Reduce Your Medicare Payment, and Leave a Legacy to The Arc of Massachusetts

A little-known tax-free transfer allows persons 70 ½ and older to give up to $100,000 from their Individual Retirement Account (IRA) to charity each year. The distribution counts toward your minimum required distribution for the year and it is excluded from your adjusted gross income. Donating to a 501(C)(3) Charity allows you to reduce your taxable income and may reduce the amount you pay for Medicare by reducing your adjusted gross income. Continue reading

The Arc of Massachusetts’s First Virtual Gala a Success! Endless Possibilities Virtual Gala and Auction Raises $175,000 for The Arc’s Advocacy and Programs

The Arc of Massachusetts held our annual celebration of people with intellectual and developmental disabilities (I/DD) and autism and all that is possible on Thursday, February 11. The Endless Possibilities Virtual Gala and Auction was held entirely online and raised $175,000 through sponsorships, donations, and the auction. Continue reading

Take Stock of The Arc’s Mission and Work

The stock market has been on a wild ride this year, most recently surging to near record highs. With the value of many stocks rising significantly in recent days, this may be the ideal time to support The Arc of Massachusetts with a gift of appreciated stock or mutual funds. In addition to making our mission possible, you may also realize significant tax benefits, including not paying tax on the appreciation of the stock. Continue reading