The funds you put away in a qualified retirement account cannot be deferred indefinitely. You have to take the money, and the IRS wants its taxes.

However, if you are not reliant on those well-earned, deferred funds to live your best retired life, you can help others and avoid sending the government any portion of it by making a Qualified Charitable Distribution (QCD).

Individuals age 70½ and older can donate up to a certain amount directly from an IRA to a charity and have it count toward their Required Minimum Distribution (RMD). If the donation is stock, capital gains taxes may be avoided.

The Methodist Foundation is a qualified recipient of a QCD as a donation to our mission. Take a look at the free services offered by the Methodist Foundation of North Alabama. The Methodist Foundation can also receive and process your QCD stock transfer—either as a donation or to pass along to your church or other qualified not-for-profit.

>> Download instructions on gifting stock here. >>

As always, consult your tax accountant and financial advisor prior to initiating this option.