Your IRA can provide a tax-smart way to make an impact with Memorial Health Foundation now. The Qualified Charitable Distribution (QCD) (sometimes called an “IRA Charitable Rollover”) is a great way to make a tax-free gift now to Memorial Health Foundation and satisfy your Required Minimum Distribution (RMD), too.

How Do I Qualify?

QCD offers multiple benefits for making gifts from your IRA.

  • You must be 70½ years or older at the time of the gift
  • Gifts must go directly from your IRA to Memorial Health Foundation
  • Gifts cannot exceed $100,000 per donor per year

Benefits of Qualified Charitable Distribution

  • If you don’t itemize your income tax deductions, a QCD offers all of the benefits of an itemized income tax charitable deduction
  • If you are age 73 or older and must take a Required Minimum Distribution RMD, a QCD gift can satisfy your RMD without increasing your income taxes
  • You may direct your gift to a program or area of your choice
  • It is a wonderful way to create an immediate impact on Memorial Health Foundation

How Can I Make an IRA Charitable Rollover?

Contact your IRA administrator to request a Qualified Charitable Distribution from your IRA to MHF.