Qualified Charitable Distributions
What Are Qualified Charitable Distributions?
A Qualified Charitable Distribution (QCD) is a direct transfer of funds from your Individual Retirement Account (IRA) to a qualified charity like Upper Valley MEND. If you're 70½ or older, this transfer can count toward your required minimum distribution (RMD) while providing significant tax advantages.
Key Point: The funds go directly from your IRA to the charity without passing through your hands, making the transfer tax-free.
Benefits of QCDs
TAX-FREE TRANSFER
The distribution is not included in your taxable income, potentially keeping you in a lower tax bracket.
SATISFIES RMD REQUIREMENTS
QCDs count toward your required minimum distribution if you're 73 or older.
MAKES A BIG IMPACT
You may be about to direct more funds to the causes you care about without reducing your other income or affecting your lifestyle.
Upper Valley MEND
PO Box 772
Leavenworth, WA 98826
Federal Tax ID #: 91-1415660
For more information:
Hillary Clark
Development Director
(509) 548-0408
hillary@uvmend.org
How to Make a QCD to Upper Valley MEND
1. Verify Eligibility
Ensure you are 70½ or older and have a traditional IRA, SEP-IRA, or SIMPLE IRA.
2. Contact Your IRA Administrator:
Call your IRA custodian or financial institution to request a direct transfer to charity.
3. Provide MEND’s information
Direct them to send your QCD check to Upper Valley MEND, PO Box 772, Leavenworth, WA 98826. Our EIN # is 91-1415660.
4. Specify the Amount
Indicate the exact amount you with to transfer (up to $108,000 in 2025, adjusted thereafter for inflation).
5. Keep Records
Retain documentation of the transfer for your tax records. Upper Valley MEND will send you a tax receipt in January of the following year, or at any time upon request.
Important Tax Disclaimer
Upper Valley MEND cannot provide tax advice. Tax laws are complex and can change frequently. Please consult with a qualified tax advisor, accountant, or financial planner before making any decisions about qualified charitable distributions or other tax-related matters.