IRA Qualified Charitable Distribution
An IRA qualified charitable distribution allows individuals 70½ and older to reduce their taxable income by making a gift directly from their IRA.
You may be looking for a way to make a big difference to help further our mission. If you are 70½ or older you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA qualified charitable distribution (QCD) is a way you can help continue our work and benefit this year.
Benefits of an IRA qualified charitable distribution
- Avoid income taxes on transfers of up to $111,000 from your IRA to Meharry
- Satisfy your required minimum distribution (RMD) for the year if you are 73 years or older
- Reduce your taxable income, even if you do not itemize deductions
- Make a gift that is not subject to the deduction limits on charitable gifts
- Help further the work and mission of Meharry Medical College
IRA qualified charitable distribution video
How an IRA qualified charitable distribution gift works
- Contact your IRA plan administrator to make a gift from your IRA to Meharry Medical College.
- Your IRA funds will be directly transferred to Meharry.
- Please note that IRA qualified charitable distribution do not qualify for a charitable deduction for income taxes.
- Let us know if you wish to designate your gift for a specific purpose.
Contact us
If you have any questions about an IRA qualified charitable distribution, please contact us. We would be happy to assist you and answer any questions you might have.
