If you are at least 70 ½ years old and have an IRA, it’s worth your while to consider the financial
advantages of making a gift to Trinity directly from your IRA via a Qualified Charitable Distribution, or
QCD. Unlike taking the money from your IRA in cash and then writing a check, a QCD gift does not count
toward your adjusted gross income (AGI). Why is this important? Not only does the AGI help determine
your maximum tax bracket, it also is used to figure the taxable portion of Social Security benefits and
whether and how large an income-related adjustment is added to Medicare premiums. A QCD makes it
easier to be generous while preserving benefits and savings.
Another consideration: if you will be at least 73 years old by the end of 2024, you will need to take a
required minimum distribution from your IRA this year. A gift to Trinity through a QCD could be used to
satisfy some or all of that obligation. Your gift may be directed to fulfill your annual pledge, or for a
special gift to one or more of our ministries. The transfer generates neither taxable income nor a tax
deduction, and may be made in any amount, up to $105,000. Ask your legal and financial advisors how a
Qualified Charitable Distribution to Trinity from your IRA could benefit you.