Individual Retirement Account (IRA) Charitable Distribution

A qualified charitable distribution (QCD) is an individual retirement account (IRA) withdrawal that goes directly to St. Gabriel Radio, Inc. a 501(c)(3) non-profit corporation and is excluded from the donor’s taxable income. People 70½ and over can make qualified charitable distributions. QCDs can also help people 73 and over comply with required minimum distribution (RMD) rules.  Please consult with your IRA administrator or tax advisor to review your specific circumstances. 

QCDs happen directly between the IRA administrator and St. Gabriel Radio, Inc. (Tax ID:  30-0220140).  You cannot make the withdrawal yourself and then donate the funds yourself if you want the transaction to be recorded as a QCD.

You can donate up to $105,000 per year via QCDs in 2024 (rising to $108,000 in 2025).

Because the amount you donate is excluded from your taxable income, qualified charitable distributions are a way to lower your tax bill (they may also help avoid Medicare premium surcharges).

Unlike the process for claiming other charitable donations, you do not have to itemize on your tax return to get the tax benefits of a QCD.

After age 73, the IRS typically requires people to take minimum distributions from certain retirement accounts (RMD). QCDs can be a way for people to give to charity while complying with the RMD rule and without raising their tax bill. If you are 70 ½ or older, you may be able to make a charitable rollover gift from your Individual Retirement Account (IRA) instead of taking the Required Minimum Distribution.

Sample Instruction Letter for gifts from an IRA: CLICK HERE