Qualified Charitable Distributions (QCDs) are a way for you to give to Michigan Humane through your Individual Retirement Account (IRA). If you are 70 ½ years or older, you can donate annually from your IRA without having to include the distribution in your taxable income. It’s a powerful tool that benefits both you and Michigan Humane, helping some donors make significantly more impactful gifts than with cash alone.
How can you make a QCD gift to Michigan Humane?
- Go to Qualified Charitable Distributions | Tax-free IRA Charitable Rollovers (freewill.com) to start your Qualified Charitable Distribution.
- The distribution can be any amount up to $105,000.
- The funds are distributed directly from your IRA to Michigan Humane.
- You gain the tax benefits, while Michigan Humane gains the immediate support to help animals and people across our community.
This is not intended to be financial advice, so please speak to your financial advisor or plan administrator to see if making a QCD gift to Michigan Humane is an option for you. If you have any questions about how Michigan Humane can use your QCD to build a more humane community or have questions about making the gift, email Heidi Boyd, Planned Giving Officer.