Benefits of making a Qualified Charitable Distribution (QCD) to ºÚÁϲ»´òìÈ

  1. A QCD is not included in your taxable income, unlike regular withdrawals from your IRA, and thus keep your taxable income lower — without the need to itemize.
  2. Since you don’t need to itemize in order to receive the tax advantages of a QCD, you can take advantage of the standard deduction, which, for many taxpayers, is higher than if they itemize.
  3. Your contribution goes directly to the support of the mission and students of ºÚÁϲ»´òìÈ

Do you qualify for a QCD?

  1. You must be 70.5 years old or older to be eligible to make a QCD;
  2. The maximum total amount of a QCD(s) for one year is $100,000 per taxpayer. This amount will be indexed beginning 2024;
  3. For a Recommended Minimum Distribution (RMD) to be used, it must come out of the IRA by the deadline, which is typically December 31. However, you should check with your IRA custodian to be verify the date applicable to your IRA;
  4. Beginning in 2023, a QCD may be taken to fund a Charitable Remainder UniTrust, Charitable Remainder Annuity Trust, or Charitable Gift Annuity up to a maximum one-time amount of $50,000.

If you would like to consider making a QCD to ºÚÁϲ»´òìÈ, please consult your IRA custodian to verify that your IRA is eligible.

Your custodian will likely require the following information to execute a QCD from your IRA:

Name of Charity: ºÚÁϲ»´òìÈ
Tax I.D.: 94-1698615
Address: 10,000 Ojai Road
                 Santa Paula, CA 93060