Your retirement plan benefits may represent a substantial part of your net worth, and they offer a unique opportunity for charitable giving. By making a Qualified Charitable Distribution (QCD) from your Individual Retirement Account (IRA), you can donate funds directly without increasing your taxable income or facing penalties.

QCDs allow you to support the causes you care about while also satisfying your required minimum distribution (RMD), the minimum amount individuals over 70.5 years old must withdraw annually from their IRA.

How Do I Qualify?
The Qualified Charitable Distribution (QCD) offers multiple benefits for making gifts from your IRA.
• You must be 70½ years or older at the time of the gift.
• Gifts must go directly from your IRA to Community Based Services Foundation.
• For 2025, total QCD gifts cannot exceed $108,000 per donor.

Benefits of Qualified Charitable Distribution
• If you don’t itemize your income tax deductions, a QCD offers all of the benefits of an itemized income tax charitable deduction
• If you are age 73 or older and must take a Required Minimum Distribution RMD, a QCD gift can satisfy your RMD without increasing your income taxes.
• You may direct your gift to a program or area of your choice.
• It is a wonderful way to create an immediate impact on Community Based Services.

How can I make an IRA Charitable Rollover?
Contact your IRA administrator for their QCD distribution form and information on the procedure to make such a gift.

To leverage your retirement plan through a donation, email CFO Rosemarie Staskiak.