Smart Giving: Use an IRA required minimum distribution to support causes you believe in.

Heart and Mind at Work:

Donors minimize taxable income and support causes they are passionate about when they direct an IRA distribution to a fund at The Community Foundation.

The IRS describes this strategy as a Qualified Charitable Distribution (QCD). You can make a QCD in lieu of a required minimum distribution from a Traditional IRA to an eligible charitable organization, like The Community Foundation. Made in this way, your IRA withdrawal will not incur taxes.

The Process is Simple

1. Choose your gift amount and how you would like your gift to be used.
   QCD gifts may be made to support The Community Foundation or one of its programs, like Youth in Philanthropy, the Women and Girls Fund or The Community Fund for emerging and urgent needs.

   You can also make a gift to any existing Community Foundation scholarship, field of interest, designated or agency fund. (Distributions cannot be to a donor advised fund.)

   Or ask us about establishing a new charitable fund on your behalf!

2. Ask your plan administrator to direct your IRA distribution to The Community Foundation.
   You may choose a recurring or one-time gift.

Do You Qualify?

• Donors must be 70½ years old on the date of the distribution to a fund at The Community Foundation
• Your plan administrator must transfer the funds directly to a fund at The Community Foundation.
• Your gift cannot be directed to a donor advised fund.
• Distribution must be received on or before December 31st to be counted in the current tax year.
• Qualified Charitable Distributions are limited to $100,000 in total during each year.

Benefits

• All QCD gifts can be used to satisfy your IRA required minimum distribution.
• Your QCD gift goes directly to The Community Foundation and is not subject to federal income tax.

Get Started!

Your plan administrator can process your gift by check or via a wire transfer. Click here to learn more.

The Community Foundation of the Rappahannock River Region does not provide legal or tax advice.  We encourage you to discuss this transfer with your professional advisors.

Consider using the sample language below to advise your plan administrator of your gift.

Please contact us if you have any questions!

Emma Miller-Richards, Fund Development Associate
(540) 373-9292 or emma.miller-richards@cfrrr.org

Teri McNally, Executive Director
(540) 373-9292 ext 120 or terimcnally@cfrrr.org

Sample Letter from Donor to IRA Administrator

Sample Request from Donor/IRA Plan Owner to Administrator for Charitable Distribution from Individual Retirement Account