Charitable IRA Gifts
IRA Charitable Rollover or ‘qualified charitable distribution’
If you are 70½ Years Old and older, you can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity such as WMEAC without having to pay income taxes on the money. Gifts of any value $100,000 or less are eligible for this benefit and you can feel good knowing that you are making a difference for the environment. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.
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