IRA charitable gifts for donors aged 70½ and older

Direct rollovers from qualifying retirement accounts can be a great philanthropic choice if you’re seeking tax relief and impact. 

November 1, 2018
Someone holds an iPad while looking over fincancial documents.

Recent tax law changes may be confusing, but there’s one charitable giving vehicle that carries a double benefit for certain donors. Formally called the Qualified Charitable Distribution, the idea is simple: donors aged 70½ and over can directly transfer funds from their IRA to PEA; these funds count toward required minimum distributions without adding to taxable income (unlike regular IRA withdrawals which increase taxable income). 

At a time when many taxpayers are unable to itemize, thereby losing the tax deduction for charitable contributions, the IRA charitable rollover provides a way to exclude from taxable income the full value of a gift, if you follow the rules. 

QCD requirements


  • You must be 70½ or older.
  • The gift must be made directly from your IRA to PEA.
  • QCD gifts to all charities combined cannot exceed an annual maximum of  $100,000 per taxpayer in a calendar year. 
  • The gift must be outright. 
  • For the QCD to count toward required minimum distribution, you must meet the deadlines (generally by December 31).


How do I initiate an IRA charitable gift?


  1. We recommend that you check with your financial advisor to make sure that a QCD is appropriate for your circumstances. 
  2. Consult the PEA Planned Giving page and contact Phil Perham (603-777-3594, with any questions about how to make your gift. 
  3. Ask your IRA administrator to initiate the transfer of funds.