Qualified Charitable Distribution
Save on taxes while providing support to United Ostomy Associations of America.
When determining whether a QCD supporting UOAA would be right for you:
You can use a QCD from your IRA to make an outright gift to UOAA as well as to continue donating to the organization in other ways. You are not permitted to receive gifts or services in exchange for your QCD.
Contact your IRA plan administrator to make a gift from your IRA and specify that you want to make a Qualified Charitable Distribution. Please note that in order to qualify in the current tax year (i.e. 2019), your IRA custodian must take action before the end of the specified calendar year (i.e. 2019). If your IRA custodian has given you a special checkbook to write QCD checks yourself, this means that your check must clear your IRA account no later than December 31st of that specified calendar year (i.e. 2019), so plan ahead!
As with any gift that may have tax implications, check with your tax and/or financial advisor to evaluate whether a QCD is right for you this year.
If you will be making a QCD to benefit UOAA, be sure to notify us about your plans. Advance notice will help ensure your gift is properly credited and acknowledged.
If you have any questions about utilizing Qualified Charitable Distributions, please don’t hesitate to contact us at (800) 826-0826 or firstname.lastname@example.org.