Individuals age 70½ or older may make Qualified Charitable Distributions (QCDs) directly from an IRA to an eligible charitable organization, up to a maximum of $108,000 per year per individual.
How to Request a QCD
To initiate a QCD, submit the IRA Distribution Form available in the Form Center. Please note the following instructions:
The IRA Distribution Form must be notarized.
In the Delivery Instructions section, select Alternate Payee or Alternate Address and enter the organization’s information.
In the Special Payment Instructions section, include the wording “Donation to” followed by the name of the organization as well as their QCD status.
Example: Donation to ABC Charity registered 501(c)(3)
The total amount of QCDs made during the year will be reported on Form 1099-R.
Consult with a qualified tax advisor for guidance on reporting the distribution properly when filing taxes.