Qualified Charitable Distributions (QCDs), also known as IRA Charitable Rollovers, are the savviest way for individuals age 70.5 or older to donate.
If you are 70.5 or older and have a traditional IRA, you can make a donation from your IRA account. IRA gifts are generally not recognized as taxable income and if you must take a Required Minimum Distribution (RMD) this year, giving from your IRA is a compassionate way to fulfill it.
For assistance with a Qualified Charitable Distribution or to learn more information, please contact Susan McCullough at smccullough@zerotothree.org or (202) 857-2667.