If you are required to receive minimum distributions from your IRA and you do not need the money for personal use, consider using those funds as a charitable gift to Van Andel Institute. If you are 70.5 years or older with an individual retirement account, you may make outright gifts using IRA funds without tax complications. While you cannot claim a charitable deduction for the IRA gifts, you will not pay income tax on the amount.
To contribute funds this way:
Contact your tax professional and your IRA administrator to make your gift.