Your generous, tax deductible donation to Dixon Center for Military and Veterans Services will make a positive difference in the lives of veterans and their families. Don’t just make an investment. Have an impact.
Starting at age 72 (or 70½ if you reached that age before January 1, 2020), the IRS requires annual IRA withdrawals called Required Minimum Distributions (RMDs). Failing to take an RMD results in a 50% penalty. To meet this requirement in a tax-efficient way, individuals can make charitable contributions directly from their IRA.
A Qualified Charitable Distribution (QCD) is a direct transfer from your IRA custodian (e.g., Vanguard, Schwab, Fidelity) to Dixon Center for Military and Veterans Services or another qualified charity, in your name.
You can donate up to $108,000 annually through QCDs. This limit applies to the total given to one or more charities. If you file jointly, your spouse may give an additional $108,000 in the same year.
QCDs must be completed by December 31 of that calendar year. Tatum Causey at tcausey@dixoncenter.org for assistance with instructions for your IRA custodian.
Ask your financial institution to include your name and mailing address on the check or in an enclosed letter, and to note that the donation is a QCD.
The information on this website is not a substitute for professional financial advice. While we have done our best to ensure that the information provided is accurate and provides valuable information, professional advice can help you with your specific circumstances.
While your attorney or financial planner is the best person to advise you on your specific planned giving; we are here to answer questions about the impact your gift will make for our nation’s families. Should you need a copy of our IRS Determination Letter, a signed W-9, or any additional information, we are happy to provide that documentation.
