A qualified charitable distribution (QCD) allows eligible individuals age 70½ or older to make a charitable gift directly from an individual retirement account (IRA) to a qualifying charitable organization.
When IRS requirements are met, the distribution is generally excluded from taxable income and may count toward a required minimum distribution.
PRCF can accept QCDs for eligible charitable purposes. We encourage you to contact the Foundation and consult your financial advisor or IRA custodian before arranging a transfer.