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Qualified Charitable Distributions from your IRA

Give tax-free gifts from your IRA that benefit our mission and you.

About Qualified Charitable Distributions

A Qualified Charitable Distribution (QCD) is a tax-efficient way for individuals who are age 70 ½ or older to make gifts directly from their Individual Retirement Account (IRA).

QCDs can count towards satisfying an individual’s Required Minimum Distribution (RMD) for the year, which is the minimum amount that an individual must withdraw from their IRA each year once they reach age 73.

Benefits

  • Reduce taxable income
  • Counts towards your Required Minimum Distribution for the year
  • Make an immediate impact on our mission

How it works

  1. Instruct your IRA custodian to distribute funds directly to one or more eligible charities.
  2. Enjoy the benefit of a tax-free distribution from your IRA, contributing towards your required minimum distribution for the year.
  3. Potentially reduce tax liability by excluding the distribution amount from taxable income.

You will not receive a charitable income tax deduction for a Qualified Charitable Distribution.

Contact us for more information

We’re here to help you meet your goals!

Our team would be happy to speak with you in confidence about your giving goals, with no obligation.

Name: Jay Kahn

Title :Senior Assistant Vice President for Advancement and Campaigns

Phone: 405-310-4865

Email: plannedgiving@oufoundation.org

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