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Have you considered a QCD from the inherited traditional IRA to fund the endowment?

That was our first thought, but we are 62 and 63 (and 65 for my SIL). My understanding is that a QCD requires that you have required minimum distributions.

If you have appreciated stock, it might be to your advantage to use it for part of the endowment. The annual deduction is limited to 30% of AGI.

The stock was not in any kind of trust, so its appreciation is largely irrelevant to us. We think (i.e., we have not yet seen the actual listing of holdings) that a substantial portion is in dividend and preferred stocks -- which would dovetail nicely with our current portfolio (mostly growth-oriented mutual funds) without our having to do anything.

Thanks for the heads-up on the K-1 -- that will be a new one for me.

Kathleen
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