IRA Qualified Charitable Distribution

Make a Gift Tax-Free with an IRA

Make a difference today and save on taxes. It’s possible when you support the CDC Foundation through your IRA. Your support helps the CDC Foundation to expand proven programs, amplify important health messages, discover new health solutions and respond to emergencies with speed and flexibility.

A Special Opportunity for Those 70½ Years Old and Older

You can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity such as the CDC Foundation without having to pay income taxes on the funds. Gifts of any value $100,000 or less are eligible for this benefit and you can feel good knowing that you are making a difference. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.

Give From Your IRA

Why Consider This Gift

  • Your gift will be put to use today, allowing you to see the difference your donation is making.
  • Beginning in the year you turn 72, you can use your gift to satisfy all or part of your required minimum distribution (RMD).
  • You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
  • Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.

Resources

The CDC Foundation has made it easier than ever to make giving through your IRA with our online IRA tool. If you’re 70½ or older and have a traditional IRA, use this free resource to walk you through the process and complete the necessary paperwork in 10 minutes or less.

For Those 59½ Years Old or Older

If you’re at least 59½ years old, you can take a distribution and then make a gift from your IRA without penalty. If you itemize your deductions, you can take a charitable deduction for the amount of your gift.

At Any Age

No matter your age, you can designate the CDC Foundation as the beneficiary of all or a percentage of your IRA and it will pass to us tax-free after your lifetime. The CDC Foundation has a simple beneficiary designation tool, to assist you with a change-of-beneficiary designation.

Tip: It’s critical to let us know of your gift because many popular retirement plan administrators are not obligated to notify a charity of your designation. The administrator also may not monitor whether your gift designations are followed. We would love to talk to you about your intentions to ensure that they are followed. We would also like to thank you for your generosity.

Frequently Asked Questions

 

If you have additional questions, please contact:
Helene Erenberg
Director of Major Gifts and Individual Support
600 Peachtree Street NE, Suite 1000
Atlanta, GA 30308
Phone: 404.443.1139
Fax: 404.653.0330
Email

 

Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Charitable giving vehicles described herein are offered only in areas where permitted by law. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.