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
- Instruct your IRA custodian to distribute funds directly to one or more eligible charities.
- Enjoy the benefit of a tax-free distribution from your IRA, contributing towards your required minimum distribution for the year.
- 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.
More ways to donate using your retirement accounts
Gift assets not covered by your will — like 401(k) or IRA accounts — by designating us beneficiaries of those assets.
We’re here to help you meet your goals!
 | Name: Kathy McHenry Executive Director Phone: 605-274-5030 Email: kmchenry@sdsynod.org |
As Executive Director of Lutheran Planned Giving of South Dakota, Kathy brings over 20 years of experience in financial services, public speaking, and non-profit leadership. She specializes in generational transitions and legacy planning, particularly with farm and ranch families, as well as charitable trusts and tax-advantaged donations. Her workshops make these processes easily understood and accessible to everyone.
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More ways to make an impact
Gifts in a will or trust
Donations in your will or trust are (by far) the most popular type of planned gift. Learn more, or get help starting your will (for free!).
Beneficiary designations
Gifting assets not covered by your will — like 401(k) or IRA accounts — may help your heirs avoid unwanted taxes, even if you’re below the estate tax threshold.
Gifts that pay you back
Give assets while providing yourself or others with income for a period of time or distributions at a later date.