Support Fuzzy Friends Rescue
Through a Qualified Charitable Distribution (QCD)
Donating through a QCD is a unique and impactful way for individuals aged 73 and older to make a difference in the lives of animals at Fuzzy Friends Rescue. By directing a distribution from your IRA to our rescue, you can contribute up to $100,000 per year tax-free, helping us provide essential medical care, shelter, and love to animals in need.
Benefits of donating through a QCD:
• Tax Advantage:
Your donation counts toward your required minimum distribution but is excluded from your
taxable income, potentially lowering your tax burden.
• Maximize Your Impact:
Since QCDs are made directly from your IRA, you can avoid capital gains from taxes while
making a larger gift to help us continue our life-saving work.
• Simple and Meaningful Giving:
Simply fill out our contact form, and we’ll work with you through the next steps to complete
your QCD donation and make a lasting impact.
Every QCD helps us rescue, rehabilitate and find loving homes for countless animals. Your support is vital to our mission, and with a QCD you can save lives while enjoying valuable financial benefits.
To give an example of how all this might work, consider a retiree past age 73 with an annual RMD (Required Minimum Distribution) of $20,000 from a traditional IRA. Rather than taking the full RMD distribution, they decided to donate $15,000 to a favorite charity using a QCD.
By doing this, they fulfill a portion of the RMD so that they will only owe income tax on $5,000 instead of $20,000. Of course, they will not have the $15,000 that they would otherwise have, after paying taxes on it, to spend elsewhere. They would get non-financial compensation from the satisfaction of knowing their money is going toward a cause they care about.
For seniors with IRAs, a QCD offers an avenue to make the most of their funds both philanthropically and financially. QCDs let people past age 70 ½ withdraw from IRAs without increasing their taxable income as long as the money is going directly to a qualified charity. This can be especially useful for people who have to make RMD withdrawals that can increase their taxable income.