IRA/Qualified Charitable Distribution


Qualified Charitable Distributions (QCDs) allow individuals age 70½ and older to make tax-free donations of up to $100,000 a year directly from an IRA to a qualified charity, thereby satisfying all or part of their annual Required Mandatory Distributions (RMDs).

QCDs are always tax-free, regardless of whether you itemize deductions on your tax return. 

Benefits of a QCD:

  • Avoid taxes on transfers of up to $100,000 from your IRA to support United Way.
  • Satisfy some or all of your Required Minimum Distribution (RMD) for the year.
  • 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.
  • Use your rollover to make payments on an existing pledge to us.

How to Make a Qualified Charitable Distribution:

  • Call your IRA custodian to let them know you would like to make a Qualified Charitable Distribution to United Way of Martin County (Tax ID #23-727354).
  • Let your custodian know the amount of the distribution you want to make and the date you want the distribution to be made.  
  • The custodian will process the distribution and send the money directly to United Way of Martin County.

Please request that when your custodian sends the Qualified Charitable Distribution that they clearly indicate that it is from you so that we can properly acknowledge your generosity.

Questions? Please contact Elisabeth Glynn at 772-283-4800 ext. 2212 or