Support EFAC with a Qualified Charitable Distribution from Your IRA
Satisfy your required minimum distribution while helping those in need.
What is a qualified charitable distribution?
A qualified charitable distribution (QCD) is a distribution of funds from your IRA directly to a qualified charitable organization, such as Education For All Children. Because the gift goes directly to the charity without passing through your hands, the dollar amount of the gift may be excluded from your taxable income up to a maximum of $100,000 annually, with some exceptions. Please consult your tax advisor for information regarding your specific exceptions.
To learn more about QCDs, please visit IRS.gov
Who can make a qualified charitable distribution?
Donors 70½ years and older can make a gift directly from your IRA. Many individuals who are required to take money from their IRA but do not need it for living expenses have chosen to make QCDs from their IRAs to support the work of EFAC. This may make sense for you too!
How do I make a qualified charitable distribution to EFAC?
Your QCD must be made directly from your IRA custodian to EFAC on your behalf. Each financial institution has its own process for initiating a qualified charitable distribution.
Please consult your investment manager or IRA Custodian for distribution instructions/paperwork.
Checks should be made payable to: Education for All Children, 104 Congress St, Suite 301, Portsmouth, NH 03801; Attn: Susan Odoardi