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Planned & Estate Giving

SMCCCF Home Ways to Give Planned & Estate Giving IRA Qualified Charitable Distribution (QCD)

IRA Qualified Charitable Distribution (QCD)

You may also be able to make a gift to charity with a "qualified charitable distribution" or "IRA charitable rollover" from your Individual Retirement Account (IRA), and take advantage of tax savings. Under Section 408(d) of the Internal Revenue Code, Americans over the age of 70 ½ may distribute an amount, not to exceed $108,000 in a calendar year, from an IRA to the Foundation or other public charities, tax-free. Effective January 1, 2020, under the Setting Every Community Up for Retirement Enhancement (SECURE) Act, the amount allowable as a qualified charitable distribution to the Foundation or other charities will be reduced dollar-for-dollar by the total amount of deductible IRA contributions on or after an individual reaches 70 ½. 

💡IRS Update: 401(k) limit increases to $24,500 for 2026, IRA limit increases to $7,500 → Learn More

How It Works

  1. Your IRA administrator must send the gift directly to SMCCC Foundation  
  2. Alternatively, you may write a check from your IRA checkbook (check with your administrator for rules)  
  3. Complete your gift by December 31 of the year you intend to give  
  4. Include instructions for how you’d like your gift designated