Qualified Charitable Distribution

What is a qualified charitable distribution?

A qualified charitable distribution (QCD) is a distribution of funds from your IRA (other than a SEP or SIMPLE IRA) directly to a qualified charitable organization, such as Can Do Canines. Because the gift goes directly to the charity without passing through your hands, the dollar amount of the gift may be excluded from your taxable income up to a maximum of $100,000 annually, with some exceptions. Please consult your tax advisor for information regarding your specific exceptions.

To learn more about QCDs, please visit IRS.gov.

Who can make a qualified charitable distribution?

QCDs can be made by IRA owners who are age 70 1/2 or older. QCDs made prior to the age you are required to take a minimum distribution from your retirement assets (pre-Required Minimum Distribution QCDs) will not reduce or otherwise impact future Required Minimum Distribution. Your tax advisor can provide additional information on your particular situation.

Many individuals who are required to take money from their IRA but do not need it for living expenses have chosen to make QCDs from their IRAs to support the work of Can Do Canines. This may make sense for you too!

To learn more about eligibility, please visit IRS.gov.

How do I make a qualified charitable distribution to Can Do Canines?

Your QCD must be made directly from your IRA custodian to Can Do Canines on your behalf. Each financial institution has its own process for initiating a qualified charitable distribution. You can download and complete our rollover gift initiation form. Send the completed form to your IRA trustee, who will complete your distribution.

Have you already made your qualified charitable distribution?

If you've already made your gift to Can Do Canines, thank you! To ensure we're able to thank you properly, please complete this form.