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Make a Gift From My IRA

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RMD/QCD

A QCD can actually be made once you turn age 70½, i.e. in the years before RMDs begin. As you may know, at age 73 or older, you are required to take an annual distribution from your IRA - also known as a required minimum distribution (RMD). A typical RMD withdrawal is taxable income. However, routing that distribution to a qualified charity can reduce that taxable income and greatly benefit the causes you care about. This is called a qualified charitable distribution (QCD).

Flowchart: Donor directs IRA custodian to make an IRA charitable rollover gift to SF.

At Seattle Foundation, many of our supporters are fundholders (they have a Donor Advised Fund of some kind with the Foundation). QCDs cannot be distributed to a DAF. However, the Foundation is now proud to offer a product that will help leverage your QCD to generate impactful philanthropy with the charity or charities you care most about!

A QCD can be used to create an Impact Today Fund.

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Image courtesy of Lao Senior Outreach