QUALIFIED CHARITABLE DISTRIBUTIONS

FROM YOUR IRA

QUALIFIED CHARITABLE DISTRIBUTIONS

What is a QCD?

A qualified charitable distribution (QCD) is a distribution of funds from your IRA (excluding an ongoing SEP or SIMPLE IRA) directly to a qualified charitable organization, such as Swim Across America. Since the gift goes directly to the qualified charity without passing through your hands, the dollar amount of the donation may be excluded from your taxable income up to a maximum of $100,000 annually, with some exceptions. Please consult your tax advisor for information regarding your specific exceptions.

To learn more about QCDs, visit IRS.gov

Am I eligible to make a QCD?

If you are 70.5 years or older, you can make tax-free gifts to Swim Across America of up to $100,000 from your IRA. Your donation will count toward your minimum required distribution.

How do I make a QCD to Swim Across America?

Contact your IRA custodian and request a direct transfer to:

Swim Across America, Inc.
8508 Park Road #389 Charlotte, NC 28210
Tax ID number: 22-3248256

Do not withdraw the funds and make a contribution yourself, or you will have to report the withdrawal as taxable income. If you are requesting the transfer at the end of the tax year, allow enough time for the transfer to complete by December 31.

Please note: we are not in a position to give formal tax advice, and we strongly advise you to have these gifts reviewed by your own qualified financial or tax advisors.

Swim Across America is a registered 501(c)3 with the IRS. Our tax ID is 22-3248256. All online donors receive an e-receipt and all donations greater than $100 receive a calendar year end mailed tax receipt.

STILL NEED HELP?

If you need assistance with a donation, please contact us at (980) 292-0599 or email. We'd be happy to help you out today!