Iodine (in the form of iodide) is added to table salt to help prevent iodine deficiency. Since the 1980s there have been efforts to have universal salt iodization. This has been an affordable and effective way to combat iodine deficiency around the world, but not all salt contains iodine, however.
Generally, a qualified charitable distribution is an otherwise taxable distribution from an IRA (other than an ongoing SEP or SIMPLE IRA) owned by an individual who is age 70Â½ or over that is paid directly from the IRA to a qualified charity.
If the private foundation distributes to qualified charities a total amount for the year that exceeds the sum of (1) the product of the current value of the foundation assets times the average percentage payout during the preceding five years (which is the average of the qualifying distributions for each year divided by the value of the foundation assets for that year) and (2) 1% of the foundation's net investment income for the year, the tax may be reduced to 1% for that year.