Making a Gift from an IRA

By making a charitable donation to the Red Cross, you are there for millions of people who face emergencies every year, and you help as they rebuild their lives.

2007 California Wildfires
Red Cross volunteer Michael Schwartz plays cards with Mahal and Maliah Sourgose at the Red Cross shelter in Saugus High School, Saugus, California.

If you are 70.5 years of age or older, you can make direct charitable gifts from your individual retirement account (IRA) to one or more qualified charities. These gifts count toward your required minimum distribution (RMD), but a gift through a qualified charitable distribution (QCD) is not taxable income on your federal or state income tax return for the current tax year. While you cannot claim a charitable deduction for IRA gifts, you will not pay income tax on the amount of the gift.

If you would like assistance making a QCD gift from your IRA or would like to discuss other tax smart giving strategies, please contact Carol Eames, American Red Cross Gift Planning Officer, at (503) 502-5877 or carol.eames@redcross.org.

North Central Ohio Flood DR 681-08
Sharon Brooks gives Eikon Pullom, 3, a hug in a Red Cross shelter in Findlay, Ohio. Brooks was on vacation from Florida and decided to stop in and volunteer.

We could not be there without the generous donations from people like you.

To learn more about how you can leave a legacy, please visit: https://www.redcrosslegacy.org/ira

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