Qualified Charitable Distributions
Qualified Charitable Distributions
Learn more about how your IRA can support TLC's conservation work.
What is a qualified charitable distribution?
A qualified charitable distribution (QCD) is a distribution of funds from your IRA (other than a SEP or SIMPLE IRA) directly to a qualified charitable organization, such as Triangle Land Conservancy. Because the gift goes directly to TLC without passing through your hands, the dollar amount of the gift may be excluded from your taxable income up to a maximum amount annually, with some exceptions. Please consult your tax advisor for information regarding the maximum and your specific exceptions.
Who can make a qualified charitable distribution?
QCDs can be made by IRA owners who are age 70 1/2 or older. QCDs made prior to the age you are required to take a minimum distribution from your retirement assets (pre-Required Minimum Distribution QCDs) will not reduce or otherwise impact future Required Minimum Distribution. Your tax advisor can provide additional information on your particular situation.
Many individuals who are required to take money from their IRA but do not need it for living expenses have chosen to make QCD gifts to support the work of TLC. This may make sense for you too!
How do I make a qualified charitable distribution to Triangle Land Conservancy?
Your QCD must be made directly from your IRA custodian to TLC on your behalf. Each financial institution has its own process for initiating a QCD. Many retirement plan administrators require you to use their distribution forms and comply with other requirements, so follow your financial institution’s forms and procedures to ensure you receive any potential tax benefits associated with this gift.
TLC’s nonprofit tax identification number is 58-1514406
Mail QCD donations:
Triangle Land Conservancy
PO Box 1848
Durham, NC 27702
Have any questions?
Contact Christine Wilson, Director of Advancement at cwilson@triangleland.org or (919) 908-0059
