Gifts via a charitable IRA rollover, or qualified charitable distribution (QCD), are among the simplest ways for you to support Health Care Foundation for Ventura County.
Requirements for Contributing through an IRA Rollover/ Qualified Charitable Distribution
You must be 70½ years or older when your gift is made
The gift must come from a traditional IRA account 401(k), 403(b). (SEP IRA accounts, and other retirement accounts do not qualify)
The gift must transfer directly from your IRA administrator to HCFVC
Total Qualified Charitable Distributions in any one year cannot exceed $105,000
Benefits of an IRA Rollover/ Qualified Charitable Distribution
Avoid taxes on transfers of up to $105,000 from your IRA
May satisfy your required minimum distribution (RMD) for the year
Make a gift that isn’t restricted by charitable gift deduction limits
How to Donate Through an IRA Rollover/Qualified Charitable Distribution
Contact your IRA plan administrator to make a gift from your IRA to HCFVC
Your IRA funds will be directly transferred to HCFVC
Note: IRA charitable rollover gifts do not qualify for a charitable deduction
Contact Us
Should you have any questions regarding an IRA charitable rollover gift, please contact us.
