QUALIFIED CHARITABLE DISTRIBUTIONS


At age 72, a distribution from your IRA to some charities qualifies towards your required minimum distribution. Not all charities qualify for QCDs.

The Southminster Foundation does NOT qualify because it is a “supporting organization,” i.e. a charity carrying out exempt purposes by supporting other exempt organizations. The Foundation provides support with grants to community non-profits and to Southminster Church.

When working with your financial advisor, please ensure they understand the Foundation is separate from Southminster Church, so they use the proper designation on the QCD form.  The church is eligible to receive IRA qualified charitable distributions (QCD).

The Foundation is a tax exempt 501 (c) (3) organization so regular tax-deductible donations (outside an RMD) are encouraged.