Donors who are 70 1/2 or older can give from their IRA using a Qualified Charitable Distribution and receive a 50% state tax credit on their gift!
Please consult a tax professional about your individual situation.
What makes this such a great benefit?
When you give using a QCD, your distribution is TAX- FREE so it isn't included in your adjusted gross income. Not only can you give 100% of your distribution, but keeping your taxable income lower may have other tax advantages (like lowering your Medicare rates or reducing the taxable amount of your social security income).
Plus a 50% state tax credit?
That's right! You receive an Indiana tax credit for 50% of the value of your contribution. And your donation funds scholarships for Indiana K-12 students attending private schools.
You don't itemize? No problem!
Giving with a QCD allows you to use tax-free dollars for charitable giving, so you don't need to claim a charitable deduction. Your QCD is a win for Indiana students, a win for your federal taxes, and a win for your state taxes too!
The donation must come directly from your IRA custodian to Sagamore Institute (EIN 20-1161578) for the distribution to be tax-free.
Contact us or the institution that holds your IRA to get the process started!
Please scroll down and complete the form below to let us know that a gift is on the way.
Q: Does this count toward my Required Minimum Distribution (RMD)?
A: Yes, according to the IRS, a QCD will count toward your required minimum distribution.
"I have written a check to this program in the past, but this year I gave from my IRA and the benefit was even greater. They made the process so easy that I plan to do it again next year!"
Q: Is there a limit to the amount I may gift through a Qualified Charitable Distribution?
A: The IRS allows a $100,000 maximum annual exlusion for QCDs.