McKinley Education Foundation

DONATIONS ARE WELCOME

Empowering Futures: Support Students and Educators at GMCS Today!

All donations directly support GMCS District educators. Send your checks or money orders to the address below. All checks and money orders should be made out to "McKinley Education Foundation," please indicate "MEF Main Fund (Teacher Grants)," "Miyamura Scholarship Fund," or "Sherman Scholarship Fund" on the memo line of the check or money order. Donations to 501(c)(3) nonprofit organizations are tax-deductible according to IRS guidelines:

In 2025, individuals aged 73 or older with traditional IRAs can reduce their tax burden by utilizing Qualified Charitable Distributions (QCDs). This allows them to direct funds from their IRA accounts straight to a qualified charity, satisfying their Required Minimum Distribution (RMD). This method is beneficial as it not only lowers the taxable income by excluding the QCD distribution from being taxed, but also fulfills charitable intentions without needing to itemize deductions. Each eligible individual can donate up to $108,000, while couples can combine their efforts for a total of $216,000. Thus, QCDs serve as an effective strategy for charitable giving while enhancing tax efficiency.

Please consult your tax accountant or preparer to see if you’re eligible to use the Qualified Charitable Donation (QCD). See IRS Tax Tip 2022-171, November 8, 2022 for further details. Please contact us (or your IRA bank account Custodian or Trustee) using the online form to exchange and provide the necessary bank account information to complete the QCD donation transfer.