About qualified charitable distributions
A qualified charitable distribution (QCD) is a tax-efficient way for individuals who are age 70 ½ or older to make gifts directly from their individual retirement account (IRA).
QCDs can count towards satisfying an individual’s required minimum distribution (RMD) for the year, which is the minimum amount that an individual must withdraw from their IRA each year once they reach age 73.
Benefits
- Reduce taxable income
- Counts towards your required minimum distribution for the year
- Make an immediate impact in ending the water crisis
How it works
- Instruct your IRA provider to distribute funds directly to charity: water.
- Enjoy the benefit of a tax-free distribution from your IRA, contributing towards your required minimum distribution for the year.
- Potentially reduce tax liability by excluding the distribution amount from taxable income.
You will not receive a charitable income tax deduction for a qualified charitable distribution.
Make a qualified charitable distribution today
Get startedGet in touch
If you have any questions for our team, we want to provide the best support for you. We’d be happy to speak with you about your giving goals — with no obligation.
Name: Kees (Case) Groenewegen
Title :Senior Key Relationships Officer, Legacy Giving
Phone: 646-688-2323
Already included us in your estate plan? Let us know.
More ways to make an impact
Gifts in a will or trust
Donations in your will or trust are by far the most popular type of planned gift. We can help you add charity: water into your existing plans or, if you don’t have a will or trust, help you set one up at no cost to you.
Beneficiary designations
Gifting assets not covered by your will — like 401(k)s or IRA accounts — may help your heirs avoid unwanted taxes, even if you’re below the estate tax threshold.
Gifts that pay you back
Give assets while providing yourself or others with income for a period of time or distributions at a later date.