CONSIDER THESE FACTORS
Donors 70½ or older
The IRS allows donors 70½ or older to transfer up to a total of $100,000 directly from their IRA to a charity(ies) each calendar year.
Qualified Charitable Distribution
QCDs can be used to meet all or part of an IRA required minimum distribution.
Zero income tax for QCD donation
You pay no income tax on the QCD. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your taxes.
Gift to IRIS
You can use a QCD from your IRA to make an outright gift to IRIS as well as to continue donating to the organization in other ways. You are not permitted to receive gifts or services in exchange for your QCD.
Contact your IRA Plan Administrator to make a Qualified Charitable Distribution gift to IRIS! If you have any questions about utilizing Qualified Charitable Distributions, please don’t hesitate to contact us at 515-292-7103 or firstname.lastname@example.org.