Qualified Charitable Distributions from an IRA

ESTATE AND ASSET GIVING

Qualified Charitable Distributions from an IRA

A qualified charitable distribution (QCD) from an IRA is an option for retirees who are over the age of 70.5 to give up to $100,000 (indexed for inflation starting in 2023) a year to certain qualified charities. With a QCD, the donation is made directly from an IRA to the charitable organization, which means you don't have to include that distribution in your taxable income. Even though you don't get a tax deduction from a QCD, it can be a tax efficient way to give—since the alternative of taking that distribution in to your income first and then making a donation could result in a higher tax on your Social Security benefits and Medicare premiums. In addition, a QCD can be used towards your required minimum distribution.

Next Steps

1. Consult your financial advisor or tax professional for advice on the giving options above.

2. If you are arranging a donation of stock, or a required minimum distribution, please notify St. Raymond's Society by calling 573-777-1498 or by emailing info@srshelp.org.

*Proof of donation must be provided by the donor before we can send your application.

3. If you include St. Raymond's Society in your estate plans, use our legal name and Federal Tax ID.

Legal Name: St. Raymond's Society
Address: 3501 Lansing Ave. Columbia MO 65201
Federal Tax ID Number: 27-2079559

Securities Transferred Electronically via a Stockbroker

St. Raymond's Society Brokerage Information
Organization Name: St. Raymond's Society
Federal Tax ID Number: 27-2079559
DTC:0226
Brokerage Name: Fidelity
Account Number: Z50-102113
Legal Name: St. Raymond's Society
Address: 3501 Lansing Ave. Columbia MO 65201

For charitably inclined individuals, adviser Danielle Harrison outlines the many strategies available to make your charitable dollars go further. Click the link below to learn more.