A Qualified Charitable Distribution (QCD) allows donors aged 70½ and older to make direct contributions from an IRA to Mount Madonna. Because the funds are transferred directly from your IRA custodian, this option may offer tax advantages.
QCDs are often chosen by individuals who are required to take required minimum distributions (RMDs) from their IRA and wish to direct the funds to the nonprofit of their choice.
To initiate a QCD, the distribution must be made directly from your IRA custodian to Mount Madonna. Each financial institution has its own process and required forms. The following information is typically required to complete a QCD:
