Qualified Charitable Distribution
IRA Charitable Rollover
If you’re aged 70-1/2 or older, you can make a Qualified Charitable Donation (QCD) from your IRA, (IRA charitable rollover), receiving financial benefits and making an impact on food access for everyone in Western Washington.
Work directly with your plan administration to set up this contribution. Benefits include:
- Ability to donate up to $100,000 per person per year without it being considered a taxable distribution
- Lower your Adjusted Gross Income (AGI)
- No need to itemize deductions to qualify
- Help meet your Required Minimum Distributions (RMDs)
Want to learn more about IRA Charitable Rollovers?
Contact your plan administrator for more information and be sure to discuss this with your financial advisor.