Qualified Charitable Distribution (QCD) or “IRA Rollover” Gifts for Donors Aged 70½ or Older

How It Works

1. You are 70½ or older and instruct your plan administrator to make a direct transfer of up to $100,000 to Pennington
2. Plan administrator makes transfer as directed to Pennington

Benefits

• Your gift is transferred directly to Pennington; since you do not receive the funds, they are not included in your gross income*
• Your gift will count towards your minimum distribution requirement, which, under the 2019 SECURE Act, begins at the age of 72
• You support the programs that are important to you at Pennington

*No income-tax deduction is allowed for the transfer.

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