Required Minimum Distributions (RMD) & Qualified Charitable Distributions (QCD) to the Boys & Girls Club (BGC)…(we couldn’t resist).

Now that Congress has voted to make permanent the exclusion of income of up to $100,000 per person, per year, for Individual Retirement Account (IRA) distributions which are given directly to public charities (excluding donor-advised funds or private foundations), you may be wondering how to make a QCD to our Club if you are over the age of 70 ½. 

To Qualify

  • Transfers must be made directly from a traditional IRA by your IRA administrator.

  • Gifts must be outright, and you cannot receive goods or services in exchange for your contribution.

Your Benefits

  • The amount transferred does not count as income for federal tax purposes.

  • You pay no income tax on the transferred funds.

  • The transferred amount counts towards your minimum required distributions for the year.

Next Steps

Contact your IRA account administrator and let them know your desire to send all or part of your RMD to Boys and Girls Club of Brevard/Transylvania County, Inc. You will likely need to provide the following information as well:

Physical Address & Mailing Address: 11 Gallimore Rd, Brevard, NC 28712

Contact Name: Karen Phillips, Resource Development Director

Phone Number: (828) 885-7800

EIN: 56-2142829

Please also contact us to ensure that we are aware of your contribution.  Upon receipt of your contribution, we will send proper acknowledgement to you stating the amount of the charitable distribution and that no goods, services, or benefits of any kind were or will be provided to you in consideration for the distribution from the IRA. For tax advice, we encourage you to consult with your tax advisor. We are on a mission to develop youth in Transylvania County. We leave the tax advice to the experts!