• Directly from your Retirement Account
    • Funds sent directly from your IRA to a charity are called a Qualified Charitable Distribution or QCD. You must be 70 ½ or older to be eligible to make a QCD.
    • Benefit to you: A QCD can be counted toward your current year’s required minimum distribution. They also reduce the taxable amount of your IRA distribution. They are generally more tax efficient than sending a check.
    • To make a donation via QCD you would need to directly transfer the funds from your IRA custodian to Casa Serena.