Support the Anne Arundel County Literacy Council with a Qualified Charitable Distribution (QCD) from Your IRA
QCDs satisfy the required minimum distribution for donors age 70-½ or older.
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 the Anne Arundel County Literacy Council. Because the gift goes directly to a charity without passing through your hands, it does not incur income tax. You can make QCDs totaling up to $100,000 each tax year.
To learn more about QCDs, please visit IRS.gov »
Who can make a qualified charitable distribution?
QCDs can be made by anyone age 70½ or older who is required to take minimum withdrawals from their IRA (other than a SEP or SIMPLE IRA). If you are subject to the required minimum distribution this year and do not need some or all of that money for personal use, consider making a QCD. You will satisfy your distribution requirement, not incur any tax obligations, and support the work of the Anne Arundel County Literacy Council all at the same time!
To learn more about eligibility, please visit IRS.gov »
How do I make a qualified charitable distribution to the Anne Arundel County Literacy Council?
Your QCD must be made directly from your IRA custodian to the Anne Arundel County Literacy Council on your behalf.
For more information, call our Executive Director, Lisa Vernon, at 410-269-4419 or use this website’s Contact Form today!
