Retirement Assets, IRAs, and Required Minimum Distributions

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 (70 ½ if you reach this age before January 1, 2020), the IRS requires individuals to make IRA withdrawals each year. Known as Required Minimum Distributions (RMDs), the IRS imposes a fine, equivalent to half of the RMD, for failing to withdraw minimum distributions. With this requirement, giving from an IRA has become a tax-efficient way for individuals to make charitable contributions.

A Qualified Charitable Donation (QCD) is a direct transfer of funds from an IRA custodian (e.g., Vanguard, Schwab, Fidelity, etc.) made payable to Dixon Center for Military and Veterans Services or another qualified charity, in the account owner’s name.

An individual may donate any amount up to $100,000 through a QCD annually. This amount applies to the sum of QCDs made to one or more charities in a calendar year. A spouse, who files jointly, may donate up to an additional $100,000 within the same tax year.

The deadline for QCDs is Dec. 31 for that calendar year. Please contact our Director of Development, Eileen Greenlay at who can work with your IRA custodian for instructions.

Remind your financial institution to include your name and mailing address on the check or in an enclosed letter and clarify that the donation is a QCD.

PLEASE NOTE: As a subsidiary of The Fedcap Group, you MUST designate the grant specifically to “Dixon Center for Military and Veterans Services” for your gift to be restricted to our mission.


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.