Generally, a qualified charitable distribution (QCD) is an otherwise taxable distribution from an IRA (other than an ongoing SEP or SIMPLE IRA) owned by an individual who is age 70½ or over that is paid directly from the IRA to a qualified charity.

This giving option is available in the year that one turns 70 1/2 and the following years.  It is now a permanent part of the IRS tax code.  It is popular because the distribution is not considered taxable income.  For many people this provides a better tax benefit even though the gift cannot be itemized as a charitable contribution.

Be sure to talk with your financial adviser.  Generally your adviser arranges for the QCD to be sent directly to Bethel College Mennonite Church, PO Box 364, North Newton KS 67114.  It is helpful if you notify the BCMC treasurer to expect the check.  BCMC will acknowledge the check and record it as a non-tax-deductible contribution.  Email treasurer@bethelcollegemennonitechurch.org if you have questions.

Click here to read more from the IRS website.