QCD/IRA Donation

Consider a tax-free gift from your IRA

An Individual Retirement Account (IRA) is a great way to put money aside for retirement and after you have taken care of yourself and your loved ones, you may consider a qualified charitable distribution (QCD) to, Virginia Knights of Columbus Charities Inc. (VKCCI).

At age 701/2 or older, you are eligible to make a QCD directly from your IRA account to a tax-exempt charity like VKCCI. If transferred directly from your IRA account to VKCCI, the amount you give will not be subject to federal income tax. If you are required to take a minimum distribution (RMD), you may also give all or part of your RMD as a QCD, and the amount you give will not be subject to income tax.

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VKCCI, your Charity, appreciates and is grateful for your generosity.

Before to make such a donation talk to your IRA custodian to make sure that you understand the applicable rules.