Jan & Tom Hodson
With an IRA transfer to the I’m a Child of Appalachia Fund, Jan and Tom Hodson were able to support the region they call home and see their gift matched dollar-for-dollar.
“As a child, I sensed that there was something a little bit different about where I was growing up,” Jan said, referring to her upbringing in Glouster, Ohio. “Now, as an adult, my heart is dedicated to helping children in this area understand that they can have a future, and that opportunities do exist for them. That’s what drew me and Tom to give to the I’m a Child of Appalachia Fund.”
Like all gifts through the FAO Cause Connector, half of Jan and Tom’s gift to the I’m a Child of Appalachia Fund is growing an endowment fund that will serve as a permanent toolbox of resources to meet the changing needs of our communities, while the other half is supporting projects in the short-term.
Jan and Tom were able to support the I’m a Child of Appalachia Fund with a gift through their IRA. Individuals 70 ½ or older are able to direct up to $100,000 from their IRA to support charitable causes while paying no taxes on the amount transferred. These charitable gifts also count toward an IRA’s required minimum distribution – the amount that individuals 72 or older are required to withdraw from their IRA annually.
While Jan and Tom have a long history of charitable giving, their IRA’s required minimum distribution was one reason they chose to make their gift to the I’m a Child of Appalachia Fund through an IRA transfer.
“A gift to the I’m a Child of Appalachia Fund has allowed us to help children access opportunities they might not otherwise have had, and help children have positive experiences and develop a more positive self-image,” said Tom.
To join Jan and Tom with a gift directly to the I’m a Child of Appalachia Fund that will make an impact for generations, while also making an impact today by supporting FAO Signature Initiatives like the ones on the FAO Cause Connector, click here. Or contact FAO to learn more about how you can give in the way that’s best for you, including IRA transfers, gifts of appreciated stock, and more.