If you are 70½ years old or older, you can make a gift directly from your IRA to Global Volunteers as a Qualified Charitable Distribution. QCDs can satisfy all or part of your required minimum distribution (RMD) for the year, with the added benefit that the distribution is excluded from your taxable income. A donation from your IRA to Global Volunteers is a popular, tax-smart option for giving!
What are the benefits?
- You can pay for your service program contribution with your QCD
- You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
- If you are required to take minimum distributions (over age 73), you can use your gift to satisfy all or part of your obligation
- Help children around the world reach their full potential
Important notes and highlights:
- While you are eligible to make this gift starting at 70½, when you turn 73 you must take a Required Minimum Distribution (RMD) from your IRA.
- The distribution must be made from a traditional or Roth IRA.
- Donors must ask their plan administrator to make a direct transfer of funds to a qualified public charity. It is important not to withdraw funds before making a gift.
- Distributions made under this law can be used to satisfy the donor’s required minimum distribution (RMD). However, qualified charitable distributions are not limited to the donor’s RMD.
To make a gift to Global Volunteers or pay for your service program from an IRA, contact your IRA plan administrator and request a direct qualified charitable distribution from the IRA account to Global Volunteers, a 501(c)(3) organization. Our Tax ID number is 36-3352680.
Mail the check to:
Global Volunteers
375 East Little Canada Road
St. Paul, MN 55117
Please inform us of your gift when you complete this process.
DISCLAIMER
Information on this website is not intended as legal or tax advice. For information on how any gift may affect your tax situation, please consult with your professional advisor.
Questions? Please contact Angie Swanson at aswanson@globalvolunteers.org or (651) 407-6112