Qualified Charitable Distribution (QCD) or “IRA Rollover” Gifts for Donors Aged 70½ or Older
How It Works
- You are 70½ or older and instruct your plan administrator to make a direct transfer of up to $100,000 to WTTW and WFMT
- Plan administrator makes transfer as directed to WTTW and WFMT
- Your gift is transferred directly to WTTW and WFMT; since you do not receive the funds, they are not included in your gross income*
- Your gift will count towards your minimum distribution requirement, which, under the 2019 SECURE Act, begins at the age of 72
- You support the programs that are important to you at WTTW and WFMT
*No income-tax deduction is allowed for the transfer.
- Read a detailed description of this gift
- Contact us to learn more about this gift plan or other options
- Request an eBrochure with more information about this gift
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