How New QCD Rules Can Help Your Nonprofit Engage Donors

ARTICLE | November 19, 2024

Authored by Vasquez + Company

Qualified Charitable Distributions (QCDs) offer unique tax-saving benefits for donors, and recent updates under the SECURE 2.0 Act expand their potential impact. This article, "Get the Word Out About IRA Qualified Charitable Distributions," explains the fundamentals of QCDs, recent legislative enhancements, and effective ways to communicate these benefits to potential supporters.

Key Points:

• Understanding QCD Basics: Taxpayers aged 70 ½ or older can make tax-free distributions from IRAs directly to a qualified charity.
• SECURE 2.0 Enhancements: Indexed annual QCD limits and a new split-interest entity option provide expanded opportunities for charitable giving.
• Boosting Donations: Communicating the tax advantages of QCDs can help donors maximize their impact, even if they can’t claim charitable deductions.

Leveraging these updates can help increase donor engagement and secure meaningful contributions for your organization. Read the full article here for more details.

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