Your IRA can provide a tax-smart way to make an impact with United Way today. The IRA Qualified Charitable Distribution or QCD (also known as an “IRA Charitable Rollover”) is a great way to make a tax-free gift now and satisfy your Required Minimum Distribution (RMD), too.
How Do I Qualify?
The IRA Qualified Charitable Distribution (IRA QCD) offers multiple benefits for making gifts from your IRA. To make a gift via IRA QCD:
- You must be 70½ years or older at the time of the gift.
- Gifts must go directly from your IRA to United Way of Northwest Vermont.
- For 2026, total QCD gifts cannot exceed $111,000 per donor.
Benefits of Qualified Charitable Distribution
- If you don’t itemize your income tax deductions, a QCD offers all of the benefits of an itemized income tax charitable deduction
- If you are age 73 or older and must take a Required Minimum Distribution RMD, a QCD gift can satisfy your RMD without increasing your income taxes.
- It is a wonderful way to create an immediate impact on United Way
How Can I Make an IRA Charitable Rollover?
Contact your IRA administrator to request a Qualified Charitable Distribution from your IRA to United Way of Northwest Vermont.
Information that you may need for the QCD is provided below.
- Legal name: United Way of Northwest Vermont
- Mailing address: 412 Farrell Street, Suite 200, South Burlington, VT 05403
- Federal Tax ID number: 03-0217229
Please email invest@unitedwaynwvt.org or call 802-861-7831 to let us know you’ve made an IRA gift. We do not always receive donor information from the brokerage, so this helps us confirm donor intent and send you recognition for your gift, including the required tax information.
Make a Planned Gift to United Way through your IRA
You can designate your remaining Qualified Retirement Plan assets as a contribution to United Way of Northwest Vermont.
In addition to having the satisfaction of making a significant future gift to United Way, your benefits include:
- Your estate is entitled to an unlimited estate tax charitable deduction for the value of your Qualified Retirement Plan donated to United Way.
- Since United Way is tax-exempt, there will be no income taxes paid on the distribution to United Way.