IRA Charitable Rollovers
The IRA charitable rollover is a terrific way to make a tax-free gift to Baylor Scott & White Dallas Foundation using your qualified retirement plan.
A gift from your IRA (Traditional QCD)
The IRA charitable rollover is now permanent and is a terrific way to make a tax-free gift to Baylor Scott & White Dallas Foundation using your qualified retirement plan. This gift may also satisfy some or all of your required minimum distribution (RMD).
How do I qualify?
- You must be 70 ½ years old or older at the time of the gift.
- Gifts must go directly from your IRA to Baylor Scott & White Dallas Foundation.
- Gifts must come from a traditional IRA or Roth IRA account.
- For 2024, total QCD gifts cannot exceed $105,000 per donor.
Benefits of an IRA charitable rollover gift
It is a wonderful way to create an immediate impact on Baylor Scott & White Dallas Foundation.
Gifts can satisfy your RMD without increasing your income taxes. You will not pay taxes on your IRA withdrawal when gifted to Baylor Scott & White Dallas Foundation.
You may direct your gift to a program or area of your choice.
See a sample letter to send to your IRA administrator to make an IRA charitable rollover.
For more information, contact
Craig Foster, M.B.A., CAP®, CFRE
Sr. Director, Foundation Relations and Gift Planning
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