Dear Phi Tau Sigma Member,

If the end of the year has you looking for ways to lower your taxes, consider this often-overlooked option. If you are age 70½ or older, making a gift from your IRA to Phi Tau Sigma could be a smart and impactful move. This type of gift, known as a qualified charitable distribution (QCD), allows you to transfer funds directly from your IRA to this honor society, tax-free.

Because the money goes straight to us, 100% of your gift supports Phi Tau Sigma's mission to elevate awareness of our discipline and formally recognize academic success of students and inspire working professionals in Food Science and Technology. And best of all, neither you nor Phi Tau Sigma pays taxes on the transfer.

Bonus: If you are required to take a minimum distribution, known as the RMD, this gift can help you fulfill all or part of that federal obligation.

Your generosity in this season of giving will create an enduring legacy of offering rich opportunities to future food professionals. We are grateful for your support. Specifying our non-profit federal tax ID number 42-1199432 ensures your gift is properly credited. If you would like more information about making an impact, please visit our how to contribute webpage: https://www.phitausigma.org/donation-information.

Or feel free to contact me.

Dr. Daryl B. Lund

Chair, Phi Tau Sigma Development Committee                                                       dblund@wisc.edu

Dr. Mary K. Schmidl

Treasurer, Phi Tau Sigma Development Committee                                         mschmidl@umn.edu

P.S. We must receive your gift by Dec. 31 for your donation to qualify this year. If you have check-writing features on your IRA, please be aware that your check must clear your account by Dec. 31 to count toward your required minimum distribution for the calendar year.