As we approach the end of the year, you may be considering making a charitable donation. CVHHH relies on donations from the communities we serve to help cover costs for medical care, supportive-care services, and education that remain after reimbursements from our primary payors, Medicare, Medicaid, and private insurance. CVHHH has teamed up with the financial professionals at Granite Financial Group (GFG) in Barre to share how philanthropic giving can help support your financial goals and have the most impact for the organizations that matter to you.
Maximize your impact with a Qualified Charitable Distribution
Qualified Charitable Distributions (QCDs) enable you to make a tax-free donation using your Individual Retirement Account (IRA). A Required Minimum Distribution (RMD) is the minimum amount that must be withdrawn from your IRA annually. If you’re 73 or older, you can donate directly from your IRA to CVHHH or another qualified charitable organization to satisfy your RMD and lower your Adjusted Gross Income. These gifts are not only vital to the organizations you support but may be able to help you reduce your taxable income by avoiding higher tax brackets and reducing taxes on Social Security and Medicare premiums.
If you’re interested in making a QCD, please contact Granite Financial Group or your financial advisor. If you’d like to know more about how your gift supports high quality, medically-necessary home health and hospice care for Central Vermonters, please contact Emily McKenna, Chief Advancement Officer, at emckenna@cvhhh.org.
Meet the Experts
William Patno II CFP® is a native Vermonter and a senior partner at GFG with more than three decades of experience in the financial services industry. Bill, who has served on CVHHH’s board of directors, sponsors our annual Hospice Memorial Golf Tournament, and has modeled in our fashion show fundraiser, is a dedicated champion of CVHHH’s mission. “I have had the privilege of being involved with CVHHH for over 15 years in various capacities”, says Bill. “Throughout this time, I’ve witnessed firsthand the exceptional care they provide, both for my grandparents and for many of my clients and their families.”
James Hunt is an advisor at GFG. A former professional soccer player, James is skilled at managing assets on and off the field with a proven track record of advising clients and coaching financial professionals on how to better serve their clients. “Like many of us, I have experienced the incredible care provided by home health workers. The ability to support the cause and help CVHHH grow is something that fills me with an enormous amount of pride,” says James.
