IRA Qualified
Charitable Distribution

IRA Qualified
Charitable Distribution (QCD)

A qualified charitable distribution (QCD) from an IRA is a good way for those aged 70½ and over to support Pine Street Inn.

Giving through an IRA QCD has several benefits:

• It is easy to do! Instruct your IRA custodian to make a distribution directly to Pine Street Inn.
• It is tax free! Rather than getting a tax deduction, the distribution is excluded from your income for federal tax purposes. Up to $100,000 of your gift (annual aggregate limit for 2023) qualifies for this favorable tax treatment.
• It counts towards your Required Minimum Distribution (RMD)! A QCD from an IRA counts toward your RMD if one is due. Contributions to your IRA after age 70½ can impact the amount eligible for a tax-free transfer.

A new QCD option to consider
Starting in 2023, IRA owners age 70½ or older can make a one-time, tax-free IRA distribution of up to $50,000 (in 2023) to create a new charitable gift annuity (CGA) or a charitable remainder trust (CRT). The distribution counts toward your RMD if one is due. This is an option worth considering if you want to make a gift from your IRA and establish a new income stream.

Note that spouses may contribute up to $50,000 each from their individual IRAs into a single CRT or a joint-life CGA. Payments may only go to you and/or your spouse.

We are here to help!
Every situation is different. Please contact Rebecca Titlow, Senior Director of Major and Planned Giving, at 617.892.9182 or Rebecca.Titlow@pinestreetinn.org for assistance with calculations, to receive a brochure, or to explore other giving options that meet your charitable giving goals. 

Tax ID number: 04-2516093
Address: Pine Street Inn, Attn: Development, 444 Harrison Avenue, Boston, MA 02118