Qualified Charitable Distributions

Still need to take your Required Minimum Distribution?

If you are at least age 70 ½, have an IRA, and plan to donate to charity this year, one consideration may be to make a qualified charitable distribution (QCD) from your IRA. This action can satisfy charitable goals and allows funds to be withdrawn from an IRA without any tax consequences. A QCD can also be appealing because it can be used to satisfy your required minimum distribution (RMD).

In order to have no tax implications, the distribution needs to be made directly from your financial institution that holds the IRA to the charity of your choosing.  Donors can use this method to reduce their taxable income up to $100,000 for 2019. 

Charitable support of the Black Swamp Area Council stays local! All assets of the Black Swamp Area Council including past and future charitable contributions, unit accounts, endowment funds, and properties are independently held and protected. Dollars given locally in support of Scouting stay right here in Black Swamp Area Council.

Visit with your tax and financial adviser for additional advice in making a charitable donation from your IRA to the Black Swamp Area Council. For more info contact Marc Kogan, Scout Executive at (567) 208-5012 or marc.kogan@scouting.org