IRA Charitable Rollover / Qualified Charitable Distribution
IRA Charitable Rollover / Qualified Charitable Distribution
A charitable rollover from your IRA is an easy way to make a meaningful difference while taking advantage of important tax benefits available to eligible donors.
If you are age 70½ or older, you can make a tax-free gift directly from your Individual Retirement Account (IRA) to Global DARE Foundation — up to $105,000 per year (amount indexed to inflation). Known as a Qualified Charitable Distribution (QCD), this gift counts toward your Required Minimum Distribution (RMD) and is excluded from your taxable income, which can provide meaningful tax savings.
To make a QCD, simply contact your IRA administrator and request a direct transfer to Global DARE Foundation. Please notify us so we can acknowledge your gift appropriately. Contact: Faith McGown, Development Director at faith.mcgown@globaldare.org or 612.910.4444.