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Level 2
posted Jul 26, 2024 6:33:23 AM

Can a 501(c)(19) organization receive a QCD?

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1 Best answer
Employee Tax Expert
Jul 26, 2024 7:33:39 AM

Yes. A QCD is generally a nontaxable distribution made directly to an organization eligible to receive tax-deductible contributions. Organizations that are eligible to receive donations can be searched using this IRS search tool. Generally, 501(c)(19) organizations qualify if they meet all the requirements listed here

1 Replies
Employee Tax Expert
Jul 26, 2024 7:33:39 AM

Yes. A QCD is generally a nontaxable distribution made directly to an organization eligible to receive tax-deductible contributions. Organizations that are eligible to receive donations can be searched using this IRS search tool. Generally, 501(c)(19) organizations qualify if they meet all the requirements listed here