What is a QCD?

A QCD is a direct transfer of funds from your IRA to a qualified charity. QCD’s are also commonly referred to as an IRA charitable rollover. 

QCD gifts support the over 30,000 people in Michigan battling Parkinson’s disease. To qualify for a QCD: 

• You must be age 70.5 or older at the time of the gift 
• The total gift amount must be below $108,000 per year 
• If you are older than 73, your QCD will count towards your Required Minimum Distribution (RMD)

Please note: the funds must be distributed by your RMD deadline (generally December 31)

Why Make a QCD? 

• You pay no income taxes on the gift 

• You can reduce your taxable income and lower your adjusted gross income (AGI), potentially avoiding a higher tax bracket 

• Every dollar you donate will support the Parkinson’s community in Michigan 

*Tip: Many retirement plan administrators do not notify charities about IRA/QCD transfers. Please let us know when you have initiated a gift so that we can thank you appropriately!  

Notify Michigan Parkinson Foundation about your IRA gift: