Don’t need your IRA retirement savings as much as you once thought?
Learn how a Qualified Charitable
Distribution (QCD) can benefit you.
If you are 70½ or older and have an IRA, you are already qualified!
How a Qualified Charitable Distribution (QCD) Works
*If you are 73 years old or older, your QCD can count towards your required minimum distribution (RMD)!
Did You Know?
You can also support our mission for years to come. Simply name Compassion International as a beneficiary of your IRA account, and the remaining assets (or a portion) of the account will be distributed to help children living in poverty.
Useful Legal Information
Address: 12290 Voyager Parkway, Colorado Springs, CO 80921-3668
Phone: 855-315-5019
Federal Tax ID number: 36-2423707
Discover the Benefits of a
Qualified Charitable Distribution (QCD)
REDUCE YOUR TAXABLE INCOME
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When you take funds from your IRA, they count as taxable income. But if you transfer them directly to charity, you reduce your taxable income while satisfying your RMD.
FULFILL YOUR REQUIRED MINIMUM DISTRIBUTION (RMD)
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After you turn 73, you must distribute funds from your IRA. If you do not distribute the required minimum, you may be penalized, but a QCD allows a transfer up to $105,000 per individual or $210,000 per couple to satisfy your RMD.
HELP CHILDREN OUT OF POVERTY
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Your gift from your IRA becomes an investment in a child’s life, helping them transcend what is often generational poverty.
“I didn’t realize how much I could help others while benefiting by using my IRA.”
Find Out if a Qualified Charitable Distribution is Right For You
| I was born before . | Yes | No |
|---|---|---|
| I have a qualified IRA. | Yes | No |
| I want to help a child out of poverty. | Yes | No |
You’re qualified to make this type of gift!
It looks like there are still some requirements that need to be met!
Take Your Next Steps
1
Get started by selecting your IRA custodian and filling out your information below.
This information will be used to pre-fill your distribution form.
2
2. Once you have downloaded and completed the rest of your form, please mail the form to your IRA custodian. We recommend mailing this in by December 1 to ensure you receive your tax benefit for this year.
3
Please let us know about your generous gift!
We’d like to thank you and ensure your gift goes to the program or department you desire.