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
Up to $100,000 in IRA funds can be counted as QCDs annually, or $200,000 for married couples.
What are the Benefits?
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.