Maximize Your Impact: The Benefits of Qualified Charitable Distributions at Duke
A qualified charitable distribution, or “QCD,” can be an easy and tax-efficient way to make an immediate impact at Duke. Taxpayers who are 70 ½ or older can support Duke people, places, and programs using a tax-free transfer from a traditional IRA.
Benefits of a QCD gift:
- Transfer up to $105,000 in QCDs in 2024. This dollar limit changes annually.
- Satisfy some or all of your annual required minimum distribution (RMD) if you are at least 73 years old.
- Avoid or defer additional taxable income, which may allow you to avoid a higher tax bracket.
- Direct your gift to support the areas at Duke you care about most.
- Choose your impact: QCDs can be used to provide expendable support, satisfy multiyear commitments, or establish your own named scholarship.
Ready to learn more? Download Duke’s QCD guide to learn more about making an impact with a QCD gift.
- Learn how to make an immediate, tax-free impact at Duke
- Discover the benefits and potential tax advantages of a QCD gift
- Access our guide to get started
Duke’s Office of Gift Planning has charitable planning professionals who are available to work with you and your financial advisors. Contact them today at giftplanning@duke.edu or (919) 681-0464.
This information is provided with the understanding that neither Duke University nor the authors are providing legal, accounting, or other professional advice or counsel. Please consult your personal counsel about the financial, tax, and legal implications of any gift.
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