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How to Make a Qualified Charitable Distribution from Your IRA

How to Make a Qualified Charitable Distribution from Your IRA

Qualified charitable distributions allow people 70 ½ and older to give up to $100,000 from their Individual Retirement Account (IRA) to charity each year. The distribution counts toward your minimum required distribution for the year and it is excluded from your adjusted gross income.

Charitable distributions are not eligible for a charitable tax deduction since they are exempt from income tax. The tax-free transfer lets you benefit from making a gift to The Arc of Massachusetts, even without itemizing.

You should note that the gift from your IRA must be made directly by the custodian of your IRA, not you. Call the financial institution that holds your IRA and ask about its charitable rollover procedures. Please consult your tax advisor to confirm how you would benefit from this opportunity.

Please contact Katrin Aback, Director of Development, at or 781-891-6270 x105 if you have any questions.

The Arc Participates In Google Giving Week 2019, Raises Over $12,000

On November 15, The Arc of Massachusetts was thrilled to be able to participate in Google’s 2019 Giving Week. Thanks to the generous nomination of our Board Member, Brian Cusack, we were chosen as one of the nonprofits to participate in Google’s annual week of giving, where Google employees can donate to the nonprofits of their choice during a fun event known as Donuts for Donations. Continue reading