QCD: Formerly Known as the Charitable IRA Rollover
“Qualified Charitable Distribution” is now standard terminology for donations made directly though your retirement account. Previously called “Charitable IRA Rollovers” by some, Qualified Charitable Distributions, or QCDs, remain powerful tools for making tax-wise contributions to your favorite non-profits, including to NWPB.
If you meet the age qualification (70-1/2 years old) and must take a Required Minimum Distribution (RMD), you can direct your IRA holder to make a QCD directly from your account to any non-profit. The advantage is that the QCD donation does NOT count as taxable income to you, even though it DOES count as part of your RMD. Your financial advisor and holder of your IRA can help you know if making a QCD is the best way for you to meet your philanthropic goals.
To direct a QCD to NWPB, the following information may be helpful. Charitable contributions to Northwest Public Broadcasting are directed to
PO Box 641925
Pullman, WA 99164-1925