If you are 70 and a half years or older and have an IRA, you are already qualified!
How a Qualified Charitable Distribution (QCD) Works
You are at least 70 and a half years old with IRA funds you no longer need
*If you are 73 or older, your QCD can count towards your required minimum distribution (RMD)!
Did You Know?
Sample Beneficiary Designation
Legal name: Georgia State University Foundation, Inc.
Address: PO Box 3963, Atlanta, GA 30302-3963
Federal Tax ID number: 58-6033185
Discover the Benefits of a Qualified Charitable Distribution (QCD)
Reduce Your Taxable Income
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)
After you turn 73, you must distribute funds from your IRA. If you do not distribute the required minimum, you may be penalized. However, a QCD allows a transfer up to $105,000 per individual or $210,000 per couple to satisfy your RMD.
Open a World of Opportunity for Future Georgia State Students
When you make a qualified charitable distribution from your IRA to Georgia State University Foundation, you provide all Panthers an outstanding education and exceptional support.
“I’ve spent my life in higher education, and I think it’s critically important,” Pate says. “As a society, we all benefit from having educated people in all fields and professions.”
—James L. Pate, QCD Donor
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 advance the mission of an innovative public research university that’s a leader in success initiatives. | 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
Step 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.
STEP 2
Once you have downloaded and completed the rest of your form, please mail the form to your IRA custodian. We recommend mailing this by December 1 to ensure you receive your tax deduction for this year.
STEP 3
Please let us know about your generous gift!
We’d like to thank you and make sure your gift goes to the program or department you desire.