Qualified charitable distributions (QCDs) from your IRA
Give tax-free gifts from your IRA that benefit you and our mission.
Photograph by Gary Sexton. Image courtesy of the Fine Arts Museums of San Francisco
About qualified charitable distributions (QCDs)
A qualified charitable distribution (QCD) is a tax-efficient way for individuals who are 70½ years or older to make gifts directly from their individual retirement account (IRA).
QCDs can count toward satisfying an individual’s required minimum distribution (RMD) for the year, which is the minimum amount an individual must withdraw from their IRA each year once they reach age 73.
Benefits
- Reduce your taxable income.
- Contribute toward your RMD for the year.
- Make an immediate impact on our mission.
How it works
- Instruct your IRA custodian to distribute funds directly to one or more eligible charities.
- Enjoy the benefit of a tax-free distribution from your IRA, contributing towards your RMD for the year.
- Potentially reduce tax liability by excluding the distribution amount from taxable income.
- You will not receive a charitable income tax deduction for a QCD.
Getting started
Contact your IRA custodian if you wish to make a QCD.
Already included us in your estate plans?
Letting us know is incredibly helpful to our team and helps make sure your gift is used how you want it to be.
Have questions? Get in touch!
Our team is happy to speak with you about your giving goals, confidentially and with no obligation.Name:
Contact us through this form or at plannedgiving@famsf.org.
More ways to make an impact
Gifts for the future
Donations in your will or trust are the most popular type of legacy gift, while gifting assets not covered by your will, like 401(k) or IRA accounts, may help your heirs avoid unwanted taxes.
Gifts that pay you back
Transfer securities, cash, or other property to the Museums and we’ll manage the investment of the assets and pay an income to you, your designated beneficiaries, or both. Receive payments for the rest of your life or up to a certain number of years.
Tax-smart gifts
Many people are increasingly choosing to give non-cash assets, so they can have a bigger impact at less cost to them.