QUALIFIED CHARITABLE DISTRIBUTIONS
Qualified Charitable Distributions (QCDs), also known as IRA Charitable Rollovers, are the savviest way for individuals age 70½ or older to use their IRAs to maximize their charitable impact. Donors 72 and older must take a Required Minimum Distribution (RMD)*. A charitable gift from your IRA is a smart way to skip the taxes associated with RMDs and make a big difference in the work we do on a daily basis.
A BRIEF GUIDE TO QCDs
What are QCDs?
QCDs are distributions from your Individual Retirement Account (IRA) made directly
to a qualified nonprofit organization without having the distribution counted as taxable income. QCDs are also sometimes referred to as IRA
Charitable Rollovers.
Up to $100,000 in IRA funds can be counted as QCDs annually, or $200,000 for married couples.
Who is Eligible?
If you are 70½ years of age or older and have a Traditional IRA, you are eligible to make
a QCD.
*What is an RMD?
Read more about
RMDs on the IRS website
What are the Benefits?
QCDs can:
-
Reduce your income taxes
-
Satisfy your RMD
-
Maximize your charitable impact
For More Information
on tax benefits and eligibility, please speak with your tax advisor for additional details.