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Q: What is a Qualified Charitable Distribution?
A Qualified Charitable Distribution (QCD)—often called an IRA Charitable Rollover—allows you to make a direct transfer of funds from your IRA to a qualified 501(c)(3) non-profit organization. This distribution is excluded from your federal taxable income. 

Q: Who is eligible to make a QCD?
To make a QCD, you must be at least 70½ years old on the date the distribution is made.

Q: Does a QCD count toward my Required Minimum Distribution (RMD)?
Yes. If you are age 73 or older and are required to take an RMD, a QCD can satisfy all or part of your annual RMD obligation without increasing your taxable income.

Q: What is the maximum amount I can give through a QCD?
The annual limit for a QCD is up to $111,000 per donor, per year. For married couples filing a joint return, each spouse can exclude this amount from their income. 

Q: What are the tax benefits of making a QCD?
The gift amount is excluded from your taxable income on your federal return. This benefit is available even if you take the standard deduction and do not itemize your charitable contributions. Since the QCD doesn't count as income, it can potentially lower your Adjusted Gross Income (AGI), which may help reduce Medicare premiums and the amount of Social Security benefits that are subject to tax.*

Q: Can I claim a charitable deduction for a QCD?
No. You cannot claim a charitable income tax deduction for a QCD because you receive the financial benefit of excluding the gift amount from your federal taxable income. Claiming a deduction would result in a prohibited double benefit. 

Q: Does my QCD renew my MPT membership? What about the MPT Program Guide and access to Passport? 
Yes! A QCD gift renews your MPT membership, which includes the MPT Program Guide and access to Passport. 

Q: Can I receive other thank-you gifts in return for my QCD?
No. For a gift to qualify as a tax-free QCD, the IRS requires that you receive no goods or services in return. 

Q: How do I make a QCD to MPT? 
Contact your IRA administrator and request a Qualified Charitable Distribution be made directly to the to the MPT Foundation (EIN/TIN: 52-1224503). Ask your administrator to include your name and address as the donor of record on the transmittal.

Q: What is the deadline for making a gift?
Your gift must be received by December 31st to qualify for the benefits in the current tax year. If you use check-writing features on your IRA, the check must clear your account by December 31st to count toward your RMD for the calendar year. We encourage you to plan for your QCD as early as possible to avoid delays caused by the mail. 

Q: Which types of retirement accounts are eligible for QCDs?
Direct gifts for the tax-free QCD treatment can only be made from your IRA. Transfers from 401(k) plans, 403(b) plans, pension plans, or other retirement plans are generally ineligible for tax-free treatment. However, you may be able to roll assets from these plans into an IRA and then make the QCD transfer. 

Q: What if I am under 70½ but still want to give from my IRA? 
A: Anyone, regardless of age, can still use an IRA to make a meaningful gift to the MPT Foundation by making us a beneficiary of your retirement plan. Simply complete a beneficiary designation form provided by your retirement plan custodian with the following information:

*Please rely on advice from your financial advisor or tax professional to understand how laws and regulations governing retirement plans, Medicare, and Social Security may impact you.