If you are 70 1/2 years of age or older, you can give directly from your IRA account to SAF with a qualified charitable distribution (QCD). Unlike a traditional IRA distribution, a QCD is not counted as income and no income tax is paid on the charitable distribution - an added tax benefit to you, while making a big difference when you support SAF with your gift.
How It Works
Making a QCD from your IRA to SAF typically looks like the process outlined below:
1. Let your IRA custodian (the financial institution where your IRA is held) know of your intent to make a QCD to SAF. This can typically be done via phone, email, or through your online IRA portal.
2. Specify the amount you'd like to contribute to SAF and fill out any necessary supporting paperwork. Don't forget to get in touch with us to also let us know about your QCD. The easiest way is to email [email protected].
3. Your IRA custodian will then send an electronic fund transfer or check directly to SAF.
4. SAF will notify you when funds have been received and issue a receipt.
Thank you for considering a gift from your IRA to SAF. If you have additional questions check out the Frequently Asked Questions section or reach out any time to [email protected].
SAF does not offer tax, financial planning, or legal advice. All content on this webpage is for informational purposes only.