Do you know that the Qualified Charitable Distribution (QCD) may be one of the most important tools in your SGO fundraising toolbox? In May, the Chronicle of Philanthropy reported that gifts to charities from individual retirement accounts (IRAs) grew by an average of nearly 74% from 2017 to 2018. Growth is expected to continue as many older donors (you have to be at least 70 1/2 to take advantage of this) start using their IRAs to do their charitable giving. And since SGO donations receive the 50% state tax credit, the benefit of giving through a qualified charitable distribution is even better!
We put together a page on our website (linked here) to help you and your donors understand the benefits of giving in this way. We also have a brochure (linked here) that can be downloaded to explain things in print form.
If you don’t feel comfortable explaining this giving option, feel free to contact us. We want to make sure that both you and your donors are well-versed in the “why” and the “how” of donating using a qualified charitable distribution!