Qualified Charitable Distributions

What is a qualified charitable distribution?

A Qualified Charitable Distribution (QCD) involves a direct transfer of funds from your IRA (excluding SEP or SIMPLE IRA) to a qualified charitable organization, such as CASA of the Fox Cities. By channeling the donation directly to the charity, without passing through your hands, the gifted amount 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 specific to your circumstances.

Who can make a qualified charitable distribution?

QCDs can be made by IRA owners who are 70 1/2 years or older. QCDs made before reaching the age of Required Minimum Distribution (pre-RMD QCDs) do not impact future Required Minimum Distributions. Your tax advisor can provide more details based on your situation.

Many individuals, especially those who are required to withdraw money from their IRA but don’t need it for living expenses, choose to make QCDs to support organizations like CASA of the Fox Cities.

How do I make a qualified charitable distribution to CASA of the Fox Cities?

Your QCD must be directly initiated by your IRA custodian to CASA of the Fox Cities on your behalf. Each financial institution has its own process and forms for initiating a QCD. The typical information required for a QCD includes:

Name of Payee: CASA of the Fox Cities
Attention: Maria Guzman, Executive Director
Dollar amount: Specified the gift among and select zero tax witholding.
Mailing Address: 1500 N Casaloma Dr, Suite 200, Appleton, WI 54913
Memo: If you wish to provide specific directions on the allocation of your gift to a particular project or fund.
Family Name: The name of the gift or family for the charity to recognize your kindness.

If you have additional questions on making a tax-free gift or what else you can do to help CASA of the Fox Cities achieve their goal, click here.

Get In Touch

1500 N Casaloma Dr. Suite 200
Appleton, WI 54913

(920) 257-4733


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