Make a Qualified Charitable Distribution (QCD) from your Individual Retirement Account (IRA) to lower your taxable income and reduce the tax due on withdrawals from your IRA, all while benefiting Together Women Rise.
A QCD is a direct gift from your IRA to Together Women Rise. Once you reach the age of 70.5 and begin the Required Minimum Distributions from your IRA, you can use QCDs for your charitable planning by giving up to $105,000 each year. After age 72.5, you can continue to make a QCD to Together Women Rise in lieu of any Required Minimum Distribution up to $105,000 per year. You can reduce your income tax bill and support Together Women Rise with a tax-free gift.
Each financial institution has its own process for initiating a QCD. Many retirement plan administrators require you to use their distribution forms and comply with other requirements, so follow your financial institution’s forms and procedures to ensure you receive any potential tax benefits associated with the gift. This form can be submitted to your IRA administrator if they do not have a form for you to complete. Read more about Qualified Charitable Distributions.
Qualified Charitable Distributions can be mailed to: P.O. Box 25633, Greenville, SC 29616.
Our Tax ID number or EIN #20-0031928 may be needed to initiate your distribution. If you have additional questions, please contact kaitlyn@togetherwomenrise.org or your tax advisor.