A Guide to IRA Giving

Use your retirement savings to support your favorite causes tax-free. Change a child’s life.

If you have charities you would like to support, pretax money saved in a traditional IRA can be an ideal charitable donation. Rather than passing these assets to a beneficiary — who will likely pay taxes when the inherited IRA is distributed — you can give them to charity by taking a qualified charitable distribution (QCD). A QCD will count toward satisfying your required minimum distribution (RMD), and neither you nor the charity will have to pay income taxes.

A Qualified Charitable Distribution (QCD) allows individuals age 70½+ to give directly from an IRA

The exact age to begin mandatory withdrawals depends on your birth year:

  •  Born before July 1, 1949: Age 70½

  • Born between July 1, 1949, and 1950: Age 72

  • Born between 1951 and 1958: Age 73

  • Born in 1959 or later: Age 75

Why Give?

  • Satisfy Required Minimum Distribution

  • Reduce Taxable Income

  • You can take a QCD whether or not you itemize deductions on your tax return. 

  • A QCD isn’t included in your adjusted gross income (AGI), which could reduce certain taxes or benefit costs.

Impact

You can help

  • ensure children receive care after abuse

  • change the trajectory of a child’s life

  • keep kids safe

Because It Shouldn’t Hurt to be a Child

“CARE House has saved our family and given us hope.”

– Richard, CARE House Parent

I want to learn more. What are the next steps?

Contact Chad Ozias, Director of Philanthropy, at

cozias@carehouse.org | 248.506.2608

Contact your IRA administrator and request distribution to CARE House.