Qualified charitable Contribution

United Way of the Piedmont is eligible to receive your Qualified Charitable Contribution (QCD) from your IRA. As of January 1, 2023, Required Minimum Distributions typically begin at age 73 (for non-inherited IRAs).

With rollover contributions from your IRA, you can donate up to $100,000 each year to charitable organizations such as United Way tax-free. Simply let your broker or fund manager know you’d like to donate all or part of your QCD to United Way.

Please note that the date of your QCD is NOT the date you send the distribution check, but the date that your IRA administrator transfers the funds to the charity.

If you want your distribution check to be credited toward the current tax year, it is critical that you mail your check several weeks before the end of the year to ensure there is time for the check to be received and to clear your account. This is especially true if you are relying on those gifts to fulfill your required minimum distribution.

Be sure to check with your financial advisor to determine whether this gift plan is right for you. This information is not meant as tax or legal advice.

Please contact us at giving@uwpiedmont.org if you have further questions!