Qualified Charitable Distributions (QCDs) offer a powerful way for you to combine your retirement planning with your philanthropic goals.
A QCD allows individuals to donate directly from their Individual Retirement Account (IRA) to a qualified charity like Noble, bypassing the need to report the distribution as taxable income.
Quite simply, a Qualified Charitable Distribution is a tax-free transfer of money from an IRA to a qualified charity like Noble. QCDs are available to IRA owners and beneficiaries who are 70½ or older.
It’s important to know that QCDs:
- Can be made from most tax-deferred IRAs, including traditional, inherited, SIMPLE, and SEP IRAs.
- Can be used to satisfy all or part of an IRA owner’s required minimum distribution (RMD).
- Are not included in the IRA owner’s adjusted gross income (AGI).
- Can help lower taxes based on income, such as Social Security benefits or Medicare Parts B and D premium surcharges.
The IRS does not allow charitable contributions from a workplace retirement plan, like a 401(k).
In 2025, the maximum QCD contribution is $108,000. And with recent updates under the SECURE Act 2.0, they have become even more beneficial.
Of course, you should consult your tax advisor for information regarding your specific circumstances.
To learn more, please visit the Planned Giving section of our website, or more specifically this page on how IRA Charitable Rollovers can benefit you. This Forbes article can also help you discover how you can take advantage of QCDs in your charitable giving strategy.
