Gifts from Your IRA (QCD)
Your IRA can provide a tax-smart way to make an impact with The Philadelphia Orchestra or Ensemble Arts Philly now. The Qualified Charitable Distribution or QCD (sometimes called an “IRA Charitable Rollover”) is a great way to make a tax-free gift and satisfy your Required Minimum Distribution (RMD), too.
How Do I Qualify?
The Qualified Charitable Distribution (QCD) offers multiple benefits for making gifts from your IRA.
- You must be 70½ years or older at the time of the gift.
- Gifts must go directly from your IRA to The Philadelphia Orchestra or Ensemble Arts Philly.
- For 2026, total QCD gifts cannot exceed $111,000 per donor.
Benefits of Qualified Charitable Distribution
- If you don’t itemize your income tax deductions, a QCD offers all of the benefits of an itemized income tax charitable deduction.
- If you are age 73 or older and must take a Required Minimum Distribution RMD, a QCD gift can satisfy your RMD without increasing your income taxes.
- You may direct your gift to a program or area of your choice.
- It is a wonderful way to create an immediate impact on The Philadelphia Orchestra or Ensemble Arts Philly.
How Can I Make an IRA Charitable Rollover?
Contact your IRA administrator to request a Qualified Charitable Distribution from your IRA to The Philadelphia Orchestra or Ensemble Arts Philly.
The purpose of these web pages is to provide general educational information. They are not intended as legal, accounting or other professional advice. For assistance in planning charitable gifts with tax and other financial implications, obtain the services of appropriate advisers. Consult an attorney for advice if your plans require revision of a will or other legal document.