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New Member
posted Jun 5, 2019 11:58:06 AM

Can I use the Qualified Charitable Distribution using the Fidelity Charitable fund? Is it better than a non QCD gift deducted as an itemized deduction?

I heard that a QCD gift cannot be made through Fidelity Charitable because it is not going directly from the donor to a charity--true?

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8 Replies
Level 15
Jun 5, 2019 11:58:07 AM

No.

You cannot make a QCD gift, from your IRA, to a donor advised fund (like the Fidelity Charitable fund). It simply isn't allowed, by the rules. Instead, you must make your QCD directly to the charity. 

 

Reference: https://www.irahelp.com/slottreport/ten-qcd-rules-2019-you-need-know

"The QCD rules are not available for gifts made to grant-making foundations, donor advised funds or charitable gift annuities".

New Member
Jun 5, 2019 11:58:09 AM

May I ask what "rules" do not allow this?

Level 15
Jun 5, 2019 11:58:11 AM
Level 15
Jun 5, 2019 11:58:12 AM

The distribution must transfer directly to a qualified charity. "Qualified charity" is an official IRS designation. The list of qualified charities includes all 501(c)(3) organizations; and the list explicitly does not include donor-advised funds, foundations, or other grant-making organizations.

Level 15
Jun 5, 2019 11:58:14 AM

It's the law.  Section 408(d)(8)(B)(i) explicitly excludes donor advised funds (described in section 4966(d)(2)) from being eligible recipients of qualified charitable distributions.

Level 2
Sep 23, 2020 11:20:46 AM

Thank you.

Level 2
Sep 23, 2020 11:21:46 AM

Thank you for the detailed answer.

Level 2
Sep 23, 2020 11:22:32 AM

Thank you for the detailed and referenced answer.