Support Local Causes & Save on Taxes

If you're age 70½ or older, you can make a tax-free gift of up to $108,000 per year directly from your traditional IRA to the Adams County Community Foundation—through what's called a Qualified Charitable Distribution (QCD).

Why Consider a QCD?

  • Avoid income tax on the transfer—even if you don’t itemize.
  • Satisfy your Required Minimum Distribution (RMD).
  • Maximize your impact while minimizing your taxes.
  • Give locally and see your gift at work in Adams County.
  • Couples can give up to $216,000 if each spouse has their own IRA.

How It Works

  • You must be at least 70½ years old.
  • You instruct your IRA custodian to transfer funds directly to the Foundation.
  • You avoid income tax on the transfer.
  • You choose how your gift will make a difference.

Ways Your Gift Can Help

  • Scholarship Funds – Help students afford higher education.
  • Field-of-Interest Funds – Focus on areas like education, health, or the environment.
  • Community Impact Funds – Address Adams County’s greatest needs.
  • Designated Funds – Support your favorite nonprofit(s) year after year.

Note: QCDs cannot be made to Donor Advised Funds.

Frequently Asked Questions

Q: Can I do this before RMDs begin at 72? A: Yes! QCDs are allowed starting at age 70½, even before RMDs begin.

Q: Do I get a charitable deduction? A: No deduction—but you don’t pay income tax on the transferred amount, which may be a better tax benefit.

Q: Can I give from a 401(k)? A: Not directly. But you can roll funds into a traditional IRA first.

Q: Do I need a receipt? A: Yes, we’ll provide a written acknowledgment for your records.

 

Always consult your financial advisor or estate planner before making any tax-related decisions.

 

 

 

Attachment

Document - QCD brochure

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