If you are 70½ or older and have an IRA, you are already qualified!
How a Qualified Charitable Distribution (QCD) Works
You are at least 70½ years old with a qualified individual retirement account (IRA)*
Make a qualified charitable distribution (QCD) from your IRA
Your QCD goes directly to charity, supporting a cause you care about
*If you are 72 years old or older, your QCD can be used to satisfy your required minimum distribution (RMD). Just keep in mind that you must make your QCD before taking your RMD to benefit from tax savings.
Did You Know?
You can also support our mission for years to come. Simply name My Favorite Charity as a beneficiary of your IRA account, and the remaining assets (or a portion) of the account will be distributed to help us change lives.
Sample Beneficiary Designation
Legal name: My Favorite Charity
Address: 123 West Main St., Bethesda, MD 20813
Federal Tax ID number: 00-1234567
Discover the Benefits of a Qualified Charitable Distribution (QCD)
Reduce Your Taxable Income
When you take funds from your IRA, they count as taxable income. But if you transfer them directly to charity, you reduce your taxable income while satisfying your RMD.
Fulfill Your Required Minimum Distribution (RMD)
After you turn 72, you must distribute funds from your IRA. If you do not distribute the required minimum, you may be penalized, but a QCD allows a transfer up to $100,000 per individual or $200,000 per couple to satisfy your RMD. Just keep in mind that if you intend to take part of your RMD and donate the other part as a QCD, you must make your QCD before taking your RMD to benefit from any tax savings. Consult your financial advisor or contact our team for more guidance.
Transform the World
When you make a qualified charitable distribution from your IRA to My Favorite Charity, you will help us change the world for future generations.
“I was surprised by how easy it was to make a gift from my IRA to My Favorite Charity. With a QCD I can use funds that I no longer need to support an amazing cause.”
—Denise Clark, QCD Donor
Find Out if a Qualified Charitable Distribution is Right For You
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You’re qualified to make this type of gift!
It looks like there are still some requirements that need to be met!
Take Your Next Steps
Get started by selecting your IRA custodian and filling out your information below.
This information will be used to pre-fill your distribution form.
Once you have downloaded and completed the rest of your form, please mail the form to your IRA custodian. We recommend mailing this by December 1 to ensure you receive your tax deduction for this year.
Please let us know about your generous gift!
We’d like to thank you and ensure your gift goes to the program or department you desire.
The content found on this site is general in nature and intended to be used for informational purposes only. It should not be relied upon as legal, tax, accounting or other professional advice. To determine how a gift or estate planning decision might affect your particular circumstances, you should consult an attorney, financial advisor or other qualified professional.