QCD – Qualified Charitable Donaton

You can’t directly set up a QCD yourself. Here’s what you need to do:

1. Contact your IRA custodian (bank, brokerage) and inform them you want to make a Qualified Charitable Distribution.
2. Specify the charity (Suncoast Storytellers Inc.) and donation amount (up to $105,000 per year).
3. The custodian handles the transfer directly to the charity. This ensures it qualifies as a QCD.

Important to remember:

• You must be 70 ½ years old or older.
• The distribution counts towards your required minimum distribution (RMD).