How to stretch your donation with a QCD

Jennypher Doan
2 days ago
2 min read

by Blake Anderson, Certified Financial Planner™, WealthGuard; and Board Director for Hands4Hope - Youth Making A Difference

When does $1,000 look like $1,900?*

When it's a QCD!

When you donate directly from your IRA, you are saving up to 30 to 49.3% in taxes!

Magnify your impact by including your tax savings in your Hands4Hope donation.

*assumes you are in the highest marginal tax bracket in California; consult a tax accountant to find your personal savings potential

About ira qualified charitable distribution (qcd)

You may be looking for a way to make a big difference to help further the Hands4Hope mission of inspiring and empowering youth in leadership and service. If you are 70½ or older, you may also be interested in a way to lower the income and taxes from your upcoming Required Minimum Distributions (RMD). An IRA Qualified Charitable Distribution (QCD) to Hands4Hope is a way you can fulfill your charitable goals, while satisfying your RMD, and lowering your taxable income.

Benefits of a QCD

Avoid taxes on transfers of up to $108,000 from your IRA to our organization
Reduce your taxable income, even if you do not itemize deductions
Potentially lower your taxes on social security benefits or your Medicare premiums
Satisfy your Required Minimum Distribution (RMD) for the year
Make a gift that is not subject to the deduction limits on charitable gifts
Help create a community of civic minded and socially responsible citizens for generations to come.

How a QCD works

Contact your IRA plan administrator to make a gift from your IRA to Hands4Hope - Youth Making A Difference, 3941 Park Dr., Suite 20-264, El Dorado Hills, CA 95762. Our Tax ID# is 26-2548690.
Your IRA funds will be directly transferred to our organization to help continue our important work.
Please note that QCDs are reported separately from regular charitable donations.
Please contact us if you wish for your gift to be used for a specific purpose.