The IRA Qualified Charitable Distribution (QCD) is a terrific way to make a tax-free gift to US Sailing.
A donation given directly from your IRA to the US Sailing Association is not considered federally taxable income for you, but it does count toward your required minimum distribution.
Do I qualify?
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If you are 70 ½ years or over at the time of the gift, yes.
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If your gift is sent directly from your IRA to the US Sailing Association, yes.
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If your gift comes from a traditional IRA or Roth IRA account, yes.
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If your gift does not exceed $100,000 ($200,000 for a couple) annually, yes.
It’s easy to set up. Just send a letter, sample can be downloaded below, to your IRA administrator to make your gift. To comply with IRS regulations and ensure that your gift meets QCD requirements, please direct it to the US Sailing Association.
Sample Letter for IRA Administrator
To learn more about IRA Gifts, please contact US Sailing's Philanthropy Department:
Blaine Pedlow - SVP Development
EMAIL: blainepedlow@ussailing.org | PHONE: (401) 342-7922
