First Place Food Pantry has an endowment fund set up with The Troy Foundation. An endowment fund provides an investment resource that will provide for long term support of food insecurity in Miami County, Ohio.
If you are 70 1/2 or older, you can use your IRA to fund a charitable giving account. A one-time election up to the maximum allowed by law from your IRA. You avoid paying taxes that come from typical withdrawals from your IRA. The money you use to create your CGA can satisfy all or part of your required minimum distributions. Discuss options with your investment advisor.