A Qualified Charitable Distribution (QCD) is an otherwise taxable distribution donated directly to an eligible tax-exempt organization.

A QCD can be taken from an IRA by individuals who are 70 ½ or older.

The distribution may be from a Traditional IRA or taxable amounts from a Roth IRA. It also may be used to satisfy your Required Minimum Distribution (RMD) and is limited to $100,000.

If you would like to take a charitable distribution, please contact our Customer Solutions team to request a QCD application.  

Note: Retirement assets in a 403(b), 401(k), SEP IRAs, Simple IRAs and employer-sponsored retirement plans do not qualify for treatment as qualified charitable distributions. However, for these accounts, you may name a charity as a beneficiary.