Make a Gift from Your IRA
Giving from your IRA with a Qualified Charitable Distribution (QCD) is a smart, simple way to support faith freedom for all – without costing you more. To give from your IRA, your IRA institution must send the donation directly to BJC.
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Here's Why it Works:
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- Tax-Free Giving – Your gift counts toward your Qualified Charitable Distribution (QCD) but isn’t taxed as income.
- Avoid Extra Income – When certain conditions are met, your gift may reduce your AGI which may in turn reduce your Medicare premiums and tax bracket.
- No Itemizing Needed – You can benefit from this even if you don’t itemize deductions.
- Direct Impact – Every dollar goes to work right away!
- Easy to Do – One simple letter to your IRA provider makes it happen.
Maximize Your Impact
See the Difference
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Give $5,000 from your IRA by QCD
Income tax? None
BJC receives the full $5,000 to maximize our work
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Give $5,000 cash
Income tax? You may pay up to $1,200+ in taxes
BJC only receives about $3,800 after taxes
Common Questions about IRA Giving
What is a Qualified Charitable Distribution (QCD)?
A QCD is a gift you can make from an IRA starting at age 70½. QCDs can be counted toward satisfying your required minimum distributions (RMDs) for the year, as long as certain rules are met. A QCD is a tax efficient way to donate to BJC.
Who qualifies to make a donation through QCD?
To qualify to make a QCD donation, you must be 70 ½ or older with an IRA that fits the requirements.
What retirement accounts are eligible for QCD?
- Individual retirement account (IRA)
- Roth IRA (of limited use)
- Inactive SEP or Simple IRAs
What retirement accounts are *not* eligible?
- 401(k)
- 403(b)
- Active SEP and Simple IRAs
Questions?
Contact us at [email protected] and we’re happy to answer your questions or walk you through the process!
