Welcome to Solomon!

Enter the Access Code below

Access code is invalid

Solomon Logo

Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.
UI Steps
UI Step
Expand
titleWhat is an IRA/Qualified Charitable Donation (QCD) donation?

An IRA/Qualified Charitable Distribution (QCD) is a direct transfer of funds from an IRA (Individual Retirement Account) to a qualified charity, like [Company Name]. This type of donation has special benefits:

  • The donor can avoid paying taxes on the amount donated.

  • The donation counts towards their Required Minimum Distribution (RMD), which is the amount they must withdraw from their IRA once they reach a certain age.

  • QCD donations must be made directly from the IRA to the charity. The donor cannot receive the funds first, and then donate them.

This is a great way for eligible donors (typically 70½ years or older) to contribute to charity while reducing their taxable income!


UI Step
Expand
titleA donor asked to give through a Donor Advised Fund (DAF). What information do I need to provide them?






Q: A donor has asked to give through a foundation. What information do I need to provide them?

...

For questions, please contact your liaison
US Based MissionariesCollegiate & GCC MissionariesInterns/ResidentsInternational Missionaries

Include Page
FMHOME:US Program Team contact
FMHOME:US Program Team contact


Include Page
FMHOME:College Program Team Contact
FMHOME:College Program Team Contact

Include Page
FMHOME:Fixed Term Liaison - Intern & Residency Programs
FMHOME:Fixed Term Liaison - Intern & Residency Programs

Include Page
FMHOME:International Staff Contact
FMHOME:International Staff Contact

Related pages