Support the Community during the COVID-19 Pandemic Through Your IRA QCD

Are you age 70 1/2 or older, charitably inclined and looking for the best way to help your neighbors during the COVID-19 crisis? One of the ways you can support the community during this time of increased need is by directing your qualified charitable distribution (QCD) from your traditional IRA to a Field-of-Interest Fund established by The Dayton Foundation to accept donations.

Even though the CARES Act allows you to waive your Required Minimum Distribution (RMD) for 2020, you can still donate through your IRA using your QCD. If you have an over-funded IRA, this may be your best charitable giving option. Individuals over the age of 70 1/2 may transfer up to $100,000 to a 501(c)(3) public charity and not have it show as income for tax purposes. A married couple with two separate IRAs may take up to $200,000 tax free over the same period of time.

If you are interested in using your IRA assets to help The Dayton Foundation support immediate human services, such as housing, food and homelessness, during the COVID-19 outbreak in the community, please contact Michelle Lovely or Joe Baldasare or call (937) 222-0410.


For more information on how The Dayton Foundation can help you make a gift using your IRA Qualified Charitable Distribution, click here.



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File date: 04.02.20

HERE TO HELP

Deanna Zikias

Have a question about awarding a grant from your fund or finding a charity that meets your charitable interests? We can help.”  
Deanna Zikias, director, Donor Services, (937) 225-9926

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