IRA-Qualified Charitable Distributions

IRA-Qualified Charitable Distributions

Reduce Taxes

What is an IRA-Qualified Charitable Distribution? 

An IRA qualified charitable distribution is a distribution directly from your IRA to a qualified charity. 

Beginning with the year you turn age 70 ½, you may be looking for ways to reduce your income and taxes from IRA withdrawals. By taking advantage of the IRA qualified charitable distribution (QCD), you may be able to meet these goals and support Great Parks.   

QCDs can also count towards satisfying an individual’s Required Minimum Distribution (RMD) for the year, which is the minimum amount that an individual must withdraw from their IRA each year once they reach age 73. 

Benefits of an IRA qualified charitable distribution: 

  • Reduce your taxable income, even if you do not itemize deductions.
  • Meet your required minimum distribution (RMD) for the year.
  • Avoid paying taxes on transfers up to $100,000 to benefit Great Parks Forever.
  • Build a personal legacy with Great Parks.

This is provided for informational purposes only. Please consult your financial advisor for details. 

How To Make Your Gift

Contact your IRA administrator to make a distribution from your IRA to our partner, Johnson Charitable Gift Fund, with instructions to direct your gift to Great Parks Forever. 

Johnson Charitable Gift Fund
3777 West Fork Road
Cincinnati, Ohio 45247

Please contact us at 513-245-7444 or [email protected] with any questions or if you prefer your gift be used for a specific purpose. 

“My wife and I give financial support to Great Parks Forever because we like and support its purposes. As a retired tax lawyer, I see making Qualified Charitable Distributions to it from my IRA as the most tax-efficient way to do this. This is important after tax law changes for 2018 made it more difficult to deduct other kinds of charitable contributions. Of course, Qualified Charitable Distributions work only for certain IRA distributions by those who are over 70-1/2, which fits us. Our IRA custodian is very familiar with these distributions and had no trouble following our instructions. Great Parks Forever provided simple instructions about how to process the gift and gave us the confirmation we needed. It was easy in every way.”

—Bill