Charitable Giving

[ghrad]

I want to give a $100K via QCD from my IRA to a qualified charity PLUS $100K of appreciated stocks to my Donor Advised Fund in the same tax year.  I'm over age 70 1/2.  Is this permissible?

[ColeenD3]

Yes, they are two different things. One does not preclude the other.

Can I make a QCD?

While many IRAs are eligible for QCDs—Traditional, Rollover, Inherited, SEP (inactive plans only), and SIMPLE (inactive plans only)* —there are requirements:

• You must be 70½ or older to be eligible to make a QCD.
• QCDs are limited to the amount that would otherwise be taxed as ordinary income. This excludes non-deductible contributions.
• The maximum annual amount that can qualify for a QCD is $100,000. This applies to the sum of QCDs made to one or more charities in a calendar year. (If, however, you file taxes jointly, your spouse can also make a QCD from his or her own IRA within the same tax year for up to $100,000.)
• For a QCD to count towards your current year’s MRD, the funds must come out of your IRA by your MRD deadline, generally December 31.