Make a Donation form Your IRA
Qualified charitable distributions, or QCDs, allow donors who are at least 70.5 years old to give charities up to $100,000 a year directly from their IRAs without it counting as taxable income.
QCDs count toward donors’ required minimum distribution, the amount of money they must withdraw from their IRA each year after they reach age 70.5.
The distributions can’t go to donor-advised funds or life-income gifts, such as charitable remainder trusts or gift annuities.
Donors are not allowed to get anything in return for a QCD gift, such as a meal or tickets to an event.
QCD gifts can be made only from IRAs. To give retirement assets in a 401(k) or other vehicles, donors must first roll those funds over into a qualified IRA. Then they can direct the fund administrator to transfer money to a charity.
Donors cannot count a QCD gift as a charitable deduction on their federal taxes even if they itemize. The potential tax benefit of a QCD gift is that it is transferred from an account directly to a charity so the money isn’t taxable income to the donor.
State laws about charitable deductions and how QCDs are handled vary. Consult an adviser.
Make a Donation from your DAF
Put your charitable giving account to work by making a grant recommendation to the Carver Foundation of Norwalk. The DAF Direct link above is unique to the Carver Foundation of Norwalk.
Donor-Advised Funds (DAF) are an excellent way to simplify your charitable giving to Carver. Your generous support provides Carver the resources to help Norwalk youth succeed in school and in life.
DAF Direct is a convenient way to make a grant recommendation through Fidelity Charitable, Schwab Charitable, BNY Mellon Charitable and other DAF giving accounts that are regularly being added to this service.
Simply select the institution that manages your donor-advised fund, enter the dollar amount you wish to grant Carver and click "next". You will be directed to an external website to complete your transaction.
After a DAF grant recommendation has been approved, 100% of the funds will transfer to Carver with no administration or transaction fees for using the DAF Direct service.
This application was created by Fidelity Charitable, the nation’s largest commercially sponsored donor-advised fund, in collaboration with other donor-advised funds and 10 charities that piloted the application in 2013, including Charity Navigator which consistently awards Carver it’s highest annual rating of 4 Stars for financial integrity and transparency.