Charitable IRA Giving

If you are over 70 ½ years of age, you can make a Qualified Charitable Distribution (QCD) directly from your IRA to a qualified 501(c)(3) charity such as the Overfalls Foundation, with the amount excluded from your gross income and, if applicable, counted toward your Required Minimum Distribution (RMD). The money must go from your IRA custodian (trustee) directly to the Overfalls Foundation without passing through your bank account.  The distribution is not included in your adjusted gross income (AGI), which can lower your taxable income, Social Security taxable benefits, and certain Medicare premiums.  If you are age 73 or older, a Qualified Charitable Distribution can satisfy your RMD for the year.  In 2026 the limit is $111,000 for a single individual and $222,000 per couple per calendar year.

To learn more about the advantages of charitable donations, speak with your tax advisor or investment counselor.  Request an IRA charitable rollover check payable to The Overalls Foundation. We offer sample letters, formatted in MS Word and PDF, to your IRA Administrator to initiate a donation.

A Qualified Charitable Distribution is a powerful tool for retirees who want to support the Overfalls Foundation, reduce taxable income, and meet RMDs — all in one direct transfer.