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Qualified Charitable Distribution Gift
Do you own an IRA or other qualified retirement plan?
Are you looking for a tax-wise strategy to make gifts to
support our mission? If so, consider making an qualified charitable distribution.
A qualified charitable distribution (QCD) allows individuals who are 70½ years old or older to donate up to $108,000 total to one or more charities directly from a taxable IRA instead of taking your required minimum distributions. As a result, donors may avoid being pushed into higher income tax brackets and prevent phaseouts of other tax deductions, though there are some other limitations.
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Allows you to give from pre-tax assets and your distribution is excluded from taxable income.
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Simplifies the giving process. It's easy to do— just notify your
IRA custodian. -
Minimizes the effect your giving has on your cash flow. The gift
is from your assets, not your checkbook.
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Contact your financial institution or advisor for more information.
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