Qualified Charitable Contribution (QCD)

Turn Your Retirement Savings into Lasting Community Impact

A Simple Way to Make a Lasting Difference

Your retirement savings helped prepare you for the future. Now they can help strengthen the future of your community.

If you’re age 70½ or older, a Qualified Charitable Distribution (QCD) is one of the simplest and most tax-efficient ways to support the Community Foundation of Central Illinois. By giving directly from your IRA, you may be able to satisfy your Required Minimum Distribution (RMD), reduce your taxable income, and make a greater impact on the causes you care about.

Whether you’re creating a new charitable fund or supporting an existing one, a QCD can help your retirement savings continue making a difference in the community you love. As always, consult your professional advisor to determine how these benefits apply to your individual situation.

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How It Works

Giving Through Your IRA is Simple

A Qualified Charitable Distribution doesn’t have to be complicated. With a few simple steps, you can give directly from your IRA to the Community Foundation of Central Illinois and support the causes that matter most to you.

1

Choose Your Purpose

Decide which fund or charitable purpose you’d like to support.

2

Request Your Gift

Ask your IRA administrator to send your QCD directly to CFCI.

3

Direct Your Gift

Support an existing fund or establish a new one.

4

We’ll Handle the Rest

We’ll ensure your gift is used according to your wishes and acknowledge your contribution.

Why Give Through Your IRA?

A Qualified Charitable Distribution can do more than simplify your charitable giving. It can help you make the most of your retirement savings while supporting the causes and community you care about. Here are a few reasons many donors choose to give through their IRA.

Make Your Giving Go Further

Giving directly from your IRA may allow you to support the causes you care about in a more tax-efficient way, helping more of your gift benefit your community.

Simplify Your Required Distribution

If you’re required to take annual Required Minimum Distributions (RMDs), a Qualified Charitable Distribution may help you meet that requirement while making a charitable gift.

Support What Matters Most

Whether you’re passionate about education, the arts, health, or addressing community needs, your gift can support the causes that reflect your values.

Leave More Than a Gift

A Qualified Charitable Distribution is a simple way to turn your retirement savings into meaningful support for your community, today and for years to come.

FAQ’s

A Qualified Charitable Distribution (QCD) is a gift made directly from your Individual Retirement Account (IRA) to an eligible charitable organization.

Individuals who are age 70½ or older may be eligible to make a Qualified Charitable Distribution from their IRA.

For many donors, yes. A Qualified Charitable Distribution may satisfy all or part of your annual Required Minimum Distribution. Your financial advisor can help determine what applies to your situation.

Qualified Charitable Distributions can be used to support many types of charitable funds. Some restrictions apply, so we’re happy to help you determine the best option for your charitable goals.

Begin by contacting your IRA administrator. If you’d like to discuss your charitable goals first, we’re here to help you explore your options before initiating your gift.

Absolutely. Every donor’s financial situation is unique. We encourage you to work with your tax or financial advisor to determine how a Qualified Charitable Distribution fits into your overall charitable and financial plans.

Let’s Make Your Giving Go Further

If you’re considering a Qualified Charitable Distribution, we’d love to help you explore how your IRA can support the causes you care about while creating lasting impact throughout central Illinois.

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