The federal government allows eligible individuals to make charitable contributions directly from their IRA. These donations are called qualified charitable distributions (QCD’s). QCD’s offer several benefits over simply writing a check to a charitable organization.
What is a qualified charitable distribution?
A qualified charitable distribution is a nontaxable distribution made directly by the trustee of an IRA to a charitable organization.
What are the advantages of making a qualified charitable distribution?
What are the requirements for qualified charitable distributions?
How can I make a qualified charitable distribution?
To make a QCD, you will need to ask your IRA provider to send a check to Created Equal. Most IRA Providers will have an IRA Distribution form for you to fill out where you can indicate that this distribution is a QCD. Have your IRA Provider send checks to:
Created Equal
P.O. Box 360502
Columbus, OH 43236
DISCLAIMER: Created Equal does not provide tax, legal, financial, or accounting advice. This page is for informational purpose only, and should not be relied upon for tax, legal, financial, or accounting advice. Consult your financial advisor before making a QCD.
For more information please refer to the IRA’s Publication 590-B under the “Qualified Charitable Distributions” section.