IRA Qualified Charitable Distributions
An IRA Qualified Charitable Distribution (QCD) is now a permanent way to make a tax-free gift. This gift may also be used to satisfy your required minimum distribution.
To Qualify:
- You must be 70 1/2 years old or older at the time of the gift.
- Gifts must go directly from your IRA to the Animal Care Sanctuary.
- Gifts must come from a traditional IRA or Roth IRA account.
- Gifts cannot exceed $100,000 per donor per year.
Benefits of an IRA QCD
- Gifts can satisfy your required minimum distribution without increasing your income taxes.
- You will not pay taxes on your IRA withdrawal when gifted to the Animal Care Sanctuary.
- Giving a QCD directly from your IRA can allow you to benefit from charitable giving even if you don’t normally itemize your deductions.
Three factors must be satisfied.
- A QCD must come from a Traditional IRA or an Inherited IRA where the beneficiary is 70 ½. QCD’s cannot be made from employer-sponsored retirement accounts, like a Simple IRA or SEP IRA. These accounts must be first rolled over into an IRA Rollover before they can qualify.
- The distribution must transfer directly to a qualified charity. “Qualified charity” includes all 501(c)3 organizations.
- You must receive a confirmation letter from the charity.
Have questions or need additional information?
Nothing on this website should be construed as legal advice. Please contact your attorney or financial advisor to determine what is best for your personal situation.
OUR EAST SMITHFIELD LOCATION
East Smithfield, PA 18817
MAILING ADDRESS
East Smithfield, PA 18817
PHONE:
COMMUNITY CLINIC
(570) 596-2200 - Option 2
Fax: 570-596-2222

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570-596-2200 Choose Extension 123
Email: bmorgan@animalcaresanctuary.org
570-596-2200 Choose Extension 123
Email: bmorgan@animalcaresanctuary.org
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Animal Care Sanctuary is a 501(c)(3) nonprofit organization — contributions to which are tax deductible to the fullest extent permitted by law. The official registration and financial information of Animal Care Sanctuary may be obtained from the Pennsylvania Department of State by calling toll free within Pennsylvania, (800) 732-0999.
Registration does not imply endorsement.
Tax ID- 22-1837635