Make Qualified Charitable Distribution from Your IRA to the Table UMC
At the Table UMC, we rely on donations to support our ministries. We can’t do this work without you! We invite you to prayerfully consider your commitment to God & our community of faith in the coming year and consider making a qualified charitable distribution from your IRA.
Making a qualified charitable distribution from your IRA is an effective way to help the ministries of the Table UMC. Making this gift is simple and offers you valuable financial benefits:
- A qualified charitable distribution (QCD) is a distribution of funds from your IRA (other than a SEP or SIMPLE IRA) directly to a qualified charitable organization, such as The Table UMC. 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. Please consult your tax advisor for information regarding your specific exceptions.
- QCDs can be made by IRA owners who are age 70 1/2 or older. QCDs made prior to the age you are required to take a minimum distribution from your retirement assets (pre-Required Minimum Distribution QCDs) will not reduce or otherwise impact future Required Minimum Distribution. Your tax advisor can provide additional information on your particular situation.
- Many individuals who are required to take money from their IRA but do not need it for living expenses may choose to make QCDs from their IRAs to support the work of The Table UMC.
- Your QCD must be made directly from your IRA custodian to The Table UMC on your behalf. Each financial institution has its own process for initiating a qualified charitable distribution.
Download the Qualified Charitable Distribution Form Here.
Please direct questions and inquiries to our Finance Team Chairperson, Debbie, via email at finance (at) thetableumc.org.